· PSX witnessed a positive session today as PKR continued to extend gains against USD and cut-off yields on 3M & 6M T-bills fell by two basis points and 15 basis points respectively compared to the previous auction. The benchmark KSE-100 index stayed mostly in the green territory as investors opted for value hunting due to clarity in the finance bill amendment approved by the National Assembly. Volumes continued to remain dull, on the contrary 3rd tier stocks remained in the limelight.
· The Index closed at 41,540.83pts, up by 243.10pts (+0.59% DoD). Sectors contributing to the performance include Banks (+111.5pts), E&P’s (+58.8pts), Power (+26.9pts), Technology (+24.9pts) and Cement (23.2pts).
· Volumes increased from 142.2mn shares to 192.9mn shares (+35.7% DoD). Average traded value also increased by 26.9% to reach US$ 33.1mn as against US$ 26.1mn.
· Stocks that contributed significantly to the volumes are KEL, AGL, FCCL, WTL and PRL
Courtesy – AHL