PSX Index closed at 47,834pts today

• Market remained positive in both sessions today, adding a total of 261pts during the session and closed +211pts (unadjusted). LUCK announced collaboration with Samsung, which helped the stock trade at an uptick. Technology sector also contributed positively to the index, with SYS and AVN hitting upper circuits and closing at high note. Sector wise Textile, Cement, Steel and Banking stocks traded in the positive zone. E&P sector saw a dip in POL, following weakness in international crude oil prices. Among scrips, TPL led the volumes with 29.5M shares, followed by ASC (17.7M) and UNITY (16.9M).

• The Index closed at 47,834pts as against 47,628pts showing an increase of 206pts (+0.4% DoD). Sectors contributing to the performance include Banks (+73pts), Cement (+70pts), Technology (+51pts), Chemical (+14pts), E&P (-28pts) and Inv Banks (-10pts).

• Volumes declined from 506.3mn shares to 348.6mn shares (-31% DoD). Average traded value also declined by 6% to reach US$ 91mn as against US$ 96.8mn.

• Stocks that contributed significantly to the volumes include TPL, ASC, UNITY, TREET and WTL, which formed 28% of total volumes.

• Stocks that contributed positively to the index include LUCK (+59pts), SYS (+47pts), HBL (+27pts), UBL (+17pts) and BAFL (+13pts). Stocks that contributed negatively include POL (-19pts), PSX (-9pts), ENGRO (-8pts), PSO (-6pts) and MARI (-5pts).

Posted in Article & Features.

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