The positive momentum continued at the PSX as investors remained active throughout the day

· The positive momentum continued at the PSX as investors remained active throughout the day. The market traded in the green zone as Pak rupee continued its upsurge against the US dollar. Main board activity remained active although hefty volumes were witnessed in the 3rd tier stocks.

· The Index closed at 41,425.37pts, up by 356.50pts (+0.87% DoD). Sectors contributing to the performance include Banks (+129.18pts), Cements (+75.9pts), Fertilizer (+25.8pts), Textiles (+24.7pts) and OMC’s (+19.6pts).

· Volumes decreased from 303.4mn shares to 275.4mn shares (-9.2% DoD). Average traded value also decreased by 16.3% to reach US$ 35.0mn as against US$ 41.8mn.

· Stocks that contributed significantly to the volumes are WTL, TPLP, PAEL, PRL and UNITY.

Courtesy- AHL

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Posted in PSX.

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