·   Signing of IPP’s agreement by HUBC motivated the Investors to take positions in PSO and HUBC, resulting in HUBC driving the market with an overall increase of 394pts during the session. Similarly, overnight increase in crude oil prices by 3.5% caused the E&P sector stocks to react late but assertively contributed to the upsurge in Index. PSO made a new high on the back of closure of deal with IPPs, which opens the door for resolution of circular debt to O&GMCs. Banking, Refinery and Cement sector stocks saw profit booking that brought the index in the closing session to a net increase of 327pts (unadjusted). Among scrips, HASCOL led the table with 43.9M shares, followed by KEL (34.2M) and PIBTL (22.5M).  

·   The Index closed at 46,580pts as against 46,248pts showing an increase of PSXzzaZAa (+0.7% DoD). Sectors contributing to the performance include E&P (+101pts), Power (+88pts), O&GMCs (+61pts), Banks (+34pts) and Pharma (+30pts).

·   Volumes declined further from 693.6mn shares to 468.1mn shares (-33% DoD). Average traded value also dipped by 24% to reach US$ 145.2mn as against US$ 190.6mn.

·   Stocks that contributed significantly to the volumes include HASCOL, KEL, PIBTL, TELE and PRL, which formed 30% of total volumes.

·   Stocks that contributed positively to the index include HUBC (+87pts), PSO (+65pts), OGDC (+39pts), POL (+36pts) and MCB (+27pts). Stocks that contributed negatively include HBL (-21pts), HASCOL (-12pts), INIL (-11pts), MEBL (-8pts) and DGKC (-5pts).