·        PSX continued positive momentum as investors’ confidence was boosted as Government announced to further increase fuel prices in order to keep in line with the IMF Program. KSE-100 Index stayed in green zone throughout the day.  Activity remained healthy across the board as cement sector remained in the limelight due to price increase in the North region.  

·        The Index closed at 41,730.16pts, up by 291.37pts (+0.70% DoD). Sectors contributing to the performance include E&P (+63.7pts), Power (+55.8pts), Cement (+53.7pts), Fertilizer (+49.3pts) and OMC’s (+35.4pts).

·        Volumes increased from 141.7mn shares to 162.2mn shares (+14.4% DoD). Average traded value also increased by 0.3% to reach US$ 23.0mn as against US$ 22.9mn.

·        Stocks that contributed significantly to the volumes are WTL, OBOYR1, MLCF, PRL and CNERGY.

Courtesy – AHL