PSX index adds 272 pts today

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Last day of the rollover week ended with fanfare adding a total of 544pts during the session and ending +272pts (unadjusted). On a weekly basis, the Index gained ~450pts after losing ~1200pts in the first two sessions of the week. Overnight jump in international crude oil prices helped E&P stocks staged decent recovery, however, profit booking kept the stock price increase in check. Cement sector performed comparatively better on the back of healthy dispatches, which was further aided by consistent buying interest in Banking sector stocks from the local investors. Among scrips, UNITY led the table with 46.6M shares, followed by TRG (37.2M) and MLCF (34.6M).

· The Index closed at 43,417pts as against 43,088pts showing an increase of 329pts (+0.8% DoD). Sectors contributing to the performance include Cement (+158pts), Technology (+91pts), Banks (+23pts), Vanaspati (+22pts), Fertilizer (-16pts) and Pharma (-11pts).

· Volumes sprung back from 379.9mn shares to 571mn shares (+50% DoD). Average traded value also increased by 44% to reach US$ 159.1mn as against US$ 110.5mn.

· Stocks that contributed significantly to the volumes include UNITY, TRG, MLCF, GGLR1 and ANL, which formed 28% of total volumes.

· Stocks that contributed positively to the index include TRG (+65pts), LUCK (+65pts), CHCC (+28pts), SYS (+25pts) and UNITY (+22pts). Stocks that contributed negatively include MEBL (-20pts), ENGRO (-10pts), PSO (-7pts), FFC (-6pts) and DAWH (-4pts).

(AHL)

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