According to Arif Habib Ltd Sales, following an agreement to form a govt following almost 2-weeks of deadlock, the KSE-100 rallied to close near the HoD and +1.81% DoD.

OGDC PA (+3.71%), LUCK PA (+3.69%), and PPL PA (+2.86%) were the biggest index advancers, while PAKT PA (-5.75%), ILP PA (-3.74%) and AKBL PA (-4.31%) were the main index drags

UBL PA (+2.14%) announced 4QCY23 EPS: PKR 11.0, +3% YoY along with DPS PKR 11/share (CY23: PKR 44/share – main drivers were a jump in interest income and provision reversal

AKBL PA announced 4QCY23 EPS: PKR 4.78, +108% YoY, along with DPS PKR 2.5/share (CY23: PKR 2.5/share – main drivers were growth in total income

Strong Tuesday session now sets up a test of 62K, which is the first hurdle that needs to be crossed to indicate a tradable bounce is underway towards 64k