·        The benchmark KSE-100 index finally ended its losing streak, trading in the green all day. Following a clarification by the finance division regarding the 9th review of the IMF Program, the market opened in the green and maintained its positive trend throughout the day. Investors gained confidence as mainboard volumes gained momentum and participation remained healthy, with third-tier stocks leading in terms of volume.

·        The index closed at 41,819.29 pts, up by 279.35 pts (+0.67% DoD). Sectors contributing to the performance include Cement (+54.1pts), Commercial Banks (+48.5pts), Technology & Communication (+48.4pts), Miscellaneous (+37.3pts), OMCs (+26.4pts).

·        Volumes increased from 131.7mn shares to 221.5mn shares (+68.2% DoD). The average traded value also increased by 50.3% to USD 26.2mn as against USD 17.5mn.

·        Stocks that contributed significantly to the volumes are DCL, WTL, KOSM, SSGC and HASCOL.

Courtesy – AHL