· Market witnessed positive momentum along with improved trading volumes today due to decline in crude oil prices. After the approval of two new bills by the Senate pertaining to the Gas Sector, “Oil and Gas Regulatory Authority (Amendment) Bill, 2022” and “Weighted Average Cost of Gas (WACOG) Bill” which led SNGP, SSGC, OGDC, PPL and PSO to close in the green zone. In Banking sector, BOP remained in the limelight as it announced financial result declaring 12.5% bonus shares and EPS beating market expectations.

· The Index closed at 45,675.87pts as against 45,441.10pts showing an increase of 234.8pts (+0.52% DoD). Sectors contributing to the performance include Banks (+47.4pts), Fertilizer (+36.3pts), OMC’s (+34.2pts), E&P (+31.6pts) and Cement (+28.3pts).

· Volumes increased from 152.9mn shares to 194.1mn shares (+26.9% DoD). Traded value decreased by 9.7% to reach US$ 24.5mn as against US$ 27.2mn.

· Stocks that contributed significantly to the volumes include BOP, SNBL, TELE, SNGP and KEL.

Courtesy- AHL