PSX market witnessed positive momentum along with improved trading volumes today

The market witnessed positive momentum along with improved trading volumes today.  KSE100 index stayed in the green zone. Investors seem to be optimistic on the ground of decline in international oil prices and expectations of upcoming good financial results in cement stocks. On the flip side, activity remained healthy in 3rd tier stocks 

The Index closed at 44,928.83pts, up by 591.27pts (+1.33% DoD). Sectors contributing to the performance include Technology (+118.2pts), Fertilizer (+87.1pts), Banks (+67.7pts) and Cement (+41.0pts).

Volumes increased from 344.1mn shares to 415.6mn shares (+20.8% DoD). The average traded value also increased by 24.4% to reach US$ 52.7mn as against US$ 42.4mn.

Stocks that contributed significantly to the volumes are KEL, TREET, TELE, GGL, and AGL.

Courtesy- AHL

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