·    The Bulls returned to the PSX today after three consecutive depressive sessions. The market began in the green as the IMF confirmed that talks between the government and the IMF mission were underway to deliver the 9th tranche from the IMF Program’s Extended Fund Facility. However, the Pak Rupee plunged versus the USD later in the day, and investor confidence suffered; as a result, lacklustre activity was witnessed. Volumes were reasonable across the board, with third-tier stocks remaining in the spotlight.

·    The index closed at 41,325.63, up by 250.68pts (+0.61% DoD). Sectors contributing to the performance include Cement (+54.3pts), E&P’s (+49.2pts), Commercial Banks (+41.6pts), Fertilizer (+31.8pts), and Technology & Communication (+21.8pts).

·    Volumes decreased from 99.2mn shares to 96.9mn shares (-2.4% DoD). The average traded value decreased by -15.0% to USD 9.7mn against USD 11.38mn.

·    Stocks that contributed significantly to the volumes are WTL, PIAA, QUICE, FFL and MLCF.

Courtesy – AHL