PSX observed a positive session today as Pak rupee continued to show resistance against the USD as further appreciation was witnessed. Market opened in the negative zone but investors opted for value buying during the day resulting index to close in green. Main board activity remained decent although healthy volumes were observed in the 3rd tier stocks.

The Index closed at 40,191.61pts, UP by 115.65pts (+115.65% DoD). Sectors contributing to the performance include Fertilizer (+73.6pts), Chemicals (+46.8pts), Cement (+35.6pts), Refinery (+10.5pts) and Automobile Assembler (+9.1pts).

Volumes increased from 110.4mn shares to 217.5mn shares (+97.0% DoD). Average traded value also increased by 70.1% to reach US$ 26.5mn as against US$ 15.6mn.

Stocks that contributed significantly to the volumes are TPLP, AGL, PRL, CNERGY and GGL.

Courtesy – AHL