· The business week finished on a high note at the PSX today. The market opened in the green, but investor engagement remained low due to weekend, making the index fluctuate in both directions. However, as the second session resumed, bulls became active in the market by pushing the bourse to reach an intraday high of 229.49 points, increasing volumes significantly, as investor added value to the portfolio by cherry picking strong fundamental stocks. Cements and banks remained in the limelight.

· The index closed at 42,241.98 up by 148.18pts (+0.35% DoD). Sectors contributing to the performance include Commercial Banks (+56.6pts), Power Generation & Distribution (+56.0pts), Fertilizer (+28.0pts), E&P’s (+24.7pts), and OMC’s (+18.9pts).

· Volumes decreased from 255.3mn shares to 178.2mn shares (-30.2% DoD). The average traded value also decreased by -37.7% to USD 20.3mn as against USD 32.6mn.

· Stocks that contributed significantly to the volumes are WTL, SNGP, TPLP, BAFL, AIRLINK and FABL.

Courtesy – AHL