·        The bulls dominated the market throughout the day as Pakistan hopes to come off FATF grey list today. The Financial Action Task Force (FATF), a global watchdog for combatting money laundering and terrorist financing, is expected to announce today whether Pakistan will be removed or retained on its increased monitoring list, also known as the “grey list”. Investors opted for across the board buying as hefty volumes were witnessed in the main board along with side board stocks.

·        The Index closed at 42,140.76pts, up by 410.60pts (+0.98% DoD). Sectors contributing to the performance include E&P (+88.9pts), Banks (+82.7pts), Cement (+45.8pts), Chemical (+32.1pts) and Engineering (+29.6pts).

·        Volumes increased from 162.2mn shares to 283.9mn shares (+75.1% DoD). Average traded value also increased by 89.5% to reach US$ 43.4mn as against US$ 22.9mn.

·        Stocks that contributed significantly to the volumes are CNERGY, HUMNL, PRL, OBOYR1 and TPLP.

Courtesy – AHL