PSX witnessed a bullish session today

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·        PSX witnessed a bullish session today. The benchmark KSE-100 index traded in the green zone throughout the day as investors confidence boosted due to policy rate being unchanged. Cement sector remained in the limelight. Hefty volumes were witnessed in the main board and 3rd tier stocks.

·        The Index closed at 43,366.78pts, up by 540.1pts (+1.26% DoD). Sectors contributing to the performance include Fertilizer (+124.8pts), Cement (+121.7pts), E&P’s (72.2pts), Technology (+62.2pts) and Banks (+43.9pts).

·        Volumes increased from 194.7mn shares to 324.4mn shares (+66.7% DoD). Average traded value also increased by 81.1% to reach US$ 44.4mn as against US$ 24.5mn.

·        Stocks that contributed significantly to the volumes are HASCOL, KEL, WTL, PRL and CNERG..

Courtesy – AHL

 
 

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