PSX experienced a positive day today on the back of HUBCO results

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        PSX experienced a positive day today, as investor’s accumulated high dividend yield stocks and ongoing strengthening of the Pak rupee against the US dollar. It maintained that momentum throughout the trading session, reaching an intraday high of 275.06 points after the HUB power company announced an outstanding payout that boosted investor confidence. The benchmark KSE-100 index opened in the green zone.

        The Index closed at 41,211.70pts, up by 83.03pts (+0.20% DoD). Sectors contributing to the performance include Power (+136.2pts), Technology (+30.9pts), OMC’s (+19.9pts), Vanaspati & Allied (+10.8pts) and Chemical (+10.4pts).

        Volumes decreased from 205.7mn to 185.4mn shares (-9.9% DoD). The average traded value also decreased by 1.2% to US$ 41.3mn against US$ 41.8mn.

        Stocks that contributed significantly to the stocks are HUBC, TRG, HBL, UNITY and HASCOL.

Courtesy- AHL

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