PSX index showing an increase of 171pts on Wednesday

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·          Key decisions to be taken at today’s ECC Meeting kept the interest alive at the bourse with PSO contributing positively to the index, supported by a surge in Cement sector stocks. Technology stocks continued uptrend in today’s session, which helped the index post decent gains. Overall, the index went up by 411pts during the session, but profit booking in E&P and Banks brought the net gain to 227pts by the end of session (unadjusted). Rollover activity has been smoothly transitioning from January to February Futures contract. Similar positive interest is otherwise witnessed in the ongoing book building of Panther Tyres, which is indicative of strong investor sentiment. Among scrips, ANL topped the volumes with 40.2M shares, followed by PIBTL (39.6M) and TRG (37M).  

·          The Index closed at 46,458pts as against 46,287pts showing an increase of 171pts (+0.4% DoD). Sectors contributing to the performance include Technology (+84pts), Cement (+76pts), Pharma (+23pts), Fertilizer (+22pts) and E&P (+17pts).

·          Volumes increased from 603.2mn shares to 610.8mn shares (+1% DoD). Average traded value also increased by 8% to reach US$ 180.6mn as against US$ 166.9mn.

·          Stocks that contributed significantly to the volumes include ANL, PIBTL, TRG, HASCOL and FCCL, which formed 30% of total volumes.

·          Stocks that contributed positively to the index include TRG (+80pts), MARI (+25pts), FFC (+23pts), LUCK (+22pts) and FCCL (+20pts). Stocks that contributed negatively include BAHL (-34pts), COLG (-17pts), UBL (-13pts), PPL (-11pts) and PAKT (-10pts).

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