· The market opened in the positive zone although investors’ participation remained dull throughout the opening session. The bulls made a comeback in the second session for value hunting across the board after Pakistan received the letter of intent from the International Monetary Fund for the extended fund facility. Main board volumes continued to remain healthy although hefty volumes were witnessed in the 3rd tier stocks.

· The Index closed at 42,857.57pts, up by 614.24pts (+1.45% DoD). Sectors contributing to the performance include Banks (+149.3pts), E&P’s (+115.2pts), Automobile Assemblers (+46.3pts), Fertilizer (+40.3pts) and OMC’s (37.5pts).

· Volumes increased from 281.7mn shares to 373.9mn shares (+32.7% DoD). Average traded value also increased by 36.1% to reach US$ 49.3mn as against US$ 36.2mn.

· Stocks that contributed significantly to the volumes are CNERGY, WTL, PRL, HASCOL and LOTCHEM.

Courtesy – AHL