PSX index closed at 46,868pts today

· Market added a total of 509pts during the session and ended at that note (unadjusted). Brisk buying was observed in Cement sector for the third day in a row that made major contribution on the points table. Similar activity was witnessed in Steel and Technology sectors. Among Banks, HBL saw buying in anticipation of annual results scheduled to be announced tomorrow causing the stock to close near session’s high. Among scrips, HUMNL led the volumes with 55.4M shares, followed by TELE (55.4M) and MLCF (36.1M).

· The Index closed at 46,868pts as against 46,376pts showing an increase of 492pts (+1.1% DoD). Sectors contributing to the performance include Cement (+158pts), Bans (+129pts), Fertilizer (+58pts), Technology (+54pts) and E&P (+35pts).

· Volumes increased from 486.3mn shares to 514.2mn shares (+6% DoD). Average traded value also increased by 2% to reach US$ 158.9mn as against US$ 155.6mn.

· Stocks that contributed significantly to the volumes include HUMNL, TELE, MLCF, TRG and WTL, which formed 38% of total volumes.

· Stocks that contributed positively to the index include LUCK (+116pts), HBL (+52pts), MCB (+46pts), TRG (+46pts) and ENGRO (+29pts). Stocks that contributed negatively include HUBC (-10pts), POL (-9pts), UBL (-6pts), BAHL (-6pts) and INDU (-5pts).

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