· The positive momentum continued at the PSX today. The KSE-100 index opened in green zone and continued to trade with positive sentiments throughout the trading session, reaching an intraday high of 248.41 points as investors opted to cherry pick strong fundamental stocks given the attractive valuation being offered in the market. Rally was observed in cement & IT sectors, although profit taking was witnessed during the last half of the day. Investors participation remained healthy as decent volumes were recorded across the board.

· The index closed at 42,093.80 up by 5.87pts (+0.01% DoD). Sectors contributing to the performance include Technology & Communication (+48.0pts), Commercial Banks (+46.2pts), Food & Personal Care Products (+33.6pts), Paper & Board (+19.5pts), and Textile Composite (+12.1pts).

· Volumes decreased from 289.8mn shares to 255.3mn shares (-11.9% DoD). The average traded value also decreased by -8.9% to USD 32.7mn as against USD 35.8mn.

· Stocks that contributed significantly to the volumes are MLCF, FFL, WTL, BAFL and BIPL.

Courtesy – AHL