Pakistan Stock Exchange has performed on the back of increase in curd prices in world today. According to Arif Habib Ltd, market opened on a positive note today and went up by 546pts during the session, closing +318pts (unadjusted). Increasing international crude prices helped E&P, OMCs and Refinery sectors contribute to the growth in index. Besides, Pharmaceuticals posted price gains on the back of prospects of working towards cure for Corona virus, whereby FEROZ, SEARL, ICI made significant strides during past several sessions. Profit booking, however, was observed in FEROZ. Banking sector also showed some signs of recovery, however, price gains remained muted. Cement sector saw continued attrition during past sessions and today saw rather aggressiveness, post realization of interest rate cut. O&GMCs posted highest trading volume among sectors with 40M shares, followed by Technology (35.3M) and Cement (32.8M). Among scrips, HASCOL led the volumes with 31.6M shares, followed by TRG (16M) and MLCF (12.7M).

The Index closed at 34,185pts as against 33,804pts showing an increase of 354pts (+1% DoD). Sectors contributing to the performance include E&P (+106pts), Pharma (+52pts), O&GMCs (+40pts), Misc (39pts), Banks (+24pts) and Cement (-15pts).

Volumes declined from 261.9mn shares to 247.8mn shares (-6% DoD). Average traded value, on the contrary, increased significantly from US$ 45.4mn to US$ 65.2mn (+44% DoD).

Stocks that contributed significantly to the volumes include HASCOL, TRG, MLCF, PAEL and KEL, which formed 33% of total volumes.

Stocks that contributed positively to the index include OGDC (+60pts), PPL (+37pts), PSEL (+31pts), SNGP (+26pts) and DAWH (+22pts). Stocks that contributed negatively include ENGRO (-13pts), MEBL (-9pts), PIOC (-9pts), CHCC (-8pts), and AICL (-7pts)