PSX index traded in the positive zone throughout the session today

· Market traded in the positive zone throughout the session, adding a total of 545pts during the session and closing near the session’s high with net 512pts. E&P sector, which was a laggard in the past year or so and particularly in the past month or so, performed well on the back of an increase of +3% in international crude oil prices today. Besides, O&GMCs saw PSO sprinting due to its financial results, which were scheduled to be announced, but could not by sessions end. Besides, Technology stocks ramped up taking cue from Series B fund raising of Airlift that helped improve valuation multiples of listed entities in Tech space. Among scrips, HUMNL topped the volumes with 35.4M shares, followed by BOP (22.2M) and GGL (19.8M).

· The Index closed at 48,112pts as against 47,600pts showing an increase of 512pts (+11% DoD). Sectors contributing to the performance include Banks (+167pts), E&P (+143pts), Fertilizer (+41pts), Misc (+36pts) and O&GMCs (+34pts).

· Volumes increased from 299.1mn shares to 396.2mn shares (+33% DoD). Average traded value also increased by 13% to reach US$ 89.9mn as against US$ 79.5mn.

· Stocks that contributed significantly to the volumes include HUMNL, BOP, GGL, TPLP and ANL, which formed 27% of total volumes.

· Stocks that contributed positively to the index include MEBL (+94pts), PPL (+58pts), OGDC (+46pts), ENGRO (+42pts) and PSEL (+35pts). Stocks that contributed negatively include HUBC (-21pts), COLG (-10pts), MLCF (-9pts), EFERT (-7pts) and FCCL (-4pts).

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