The bulls continued to dominate the PSX throughout the day

·        The bulls continued to dominate the PSX throughout the day as KSE-100 index went up by 500 points. As Pakistan has reached a staff level agreement with the International Monetary Fund (IMF) amplifying investors’ confidence. Participation remained healthy across the board although cyclical stocks stayed in the limelight

·        The Index closed at 42,348.91pts, up by 486.14pts (+1.16% DoD). Sectors contributing to the performance include Banks (+123.2pts), Cement (+81.9pts), Fertilizer (+76.2pts), Engineering (+37.2pts) and Technology (+36.1pts).

·        Volumes increased from 164.8mn shares to 227.8mn shares (+38.2% DoD). Average traded value also increased by 14.5% to reach US$ 35.4mn as against US$ 30.9mn.

·        Stocks that contributed significantly to the volumes are KEL, TPLP, SSGC, UNITY and SNGP.

Courtesy – AHL

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