Another day, another uptick in KSE100 index, which was attributed to a consistent and gradual increase in international crude oil prices that has seen an overnight jump of 2% in Brent and WTI prices. Resultantly, OGDC and PPL ramped up with significant trading volumes. Among banks, HBL performed well especially in the last hour of trading that ensured decent closing above LDCP and recent past. Other sectors that contributed to today’s performance were Fertilizer (on the back of input tax adjustment) and Cement. Among scrips, PRL led the table with 45.1M shares, followed by PAEL (41.6M) and KEL (28.8M).

· The Index closed at 43,767pts as against 43,360pts showing an increase of 407pts (+0.9% DoD). Sectors contributing to the performance include Banks (+90pts), E&P (+67pts), Fertilizer (+62pts), Cement (+30pts) and O&GMCs (+26pts).

· Volumes increased further from 433mn shares to 497.5mn shares (+15% DoD). Average traded value also increased by 5% to reach US$ 140.8mn as against US$ 133.5mn.

· Stocks that contributed significantly to the volumes include PRL, PAEL, KEL, ANL and FFL, which formed 32% of total volumes.

· Stocks that contributed positively to the index include HBL (+46pts), PPL (+33pts), ENGRO (+28pts), OGDC (+26pts) and EFERT (+18pts). Stocks that contributed negatively include HUBC (-14pts), BAHL (-4pts), NML (-4pts), PAKT (-2pts) and KTML (-2pts).