· The Bulls triumphed at the PSX today. The benchmark KSE-100 index opened in the green and remained so throughout the trading session, as investors celebrated Saudi Arabia’s announcement of a $2 billion additional deposit, removing a major stumbling block in unlocking the long-overdue tranche of the IMF’s Extended Facility Fund. Investor participation grew significantly as the index made an intraday high of 657.18 points, as investors opted to add value to their portfolios with the E&P and Cement sectors staying in the spotlight.

· The index closed at 40.350.89 pts, up by 633.74pts (+1.60% DoD). Sectors contributing to the performance include E&P’s (+202.2pts), Fertilizer (+85.4pts), Cement (+75.7pts), Technology & Communication (+60.2pts), and Commercial Banks (+49.8pts).

· Volumes increased from 86.7mn shares to 171.4mn shares (+97.6% DoD). The average traded value also increased by +110.7% to USD 17.8mn as against USD 8.4mn.

· Stocks that contributed significantly to the volumes are SILK, PPL, TELE, OGDC and WTL.

Courtesy – AHL