·        PSX witnessed a positive session today due to clarity on budgetary measures taken by the government imposing super tax also dubbed as “Poverty alleviation tax” on large corporate’s profitability pertaining to tax year 2022. Moreover, expectation of IMF will send a draft of the Memorandum of Economic and Financial Policies to Pakistan today driving optimism among investor triggering value buying across the board.  KSE-100 index stayed in the green zone throughout the day.

·        The Index closed at 41,878.57pts, up by 826.78pts (+2.01% DoD). Sectors contributing to the performance include Banks (+182.2pts), Fertilizer (+96.9pts), Cement (+93.3pts), Technology (+85.0pts) and E&P’s (+80.7pts).

·        Volumes decreased from 424.4mn shares to 247.9mn shares (-41.5% DoD). Average traded value also decreased by 42.4% to reach US$ 35.5mn as against US$ 61.6mn.

·        Stocks that contributed significantly to the volumes are KEL, TREET, PRL, TPLP and CNERGY.

Courtesy – AHL