The positive trend continued at the PSX today

· The positive trend continued at the PSX today. The market opened in the green, sustaining the previous session’s strong momentum as rumors about the continuation of the IMF program, would be finalized in June made headlines. Throughout the day, investors remained active, with the technology and telecom sectors remaining in the spotlight as the Prime Minister suggested incentives for the sectors in the upcoming budget. Across the board, healthy volumes were recorded.

· The index closed at 42,142.71 up by 219.25pts (+0.52% DoD). Sectors contributing to the performance include Technology & Communication (+100.1pts), Chemical (+44.8pts), E&P’s (+36.5pts), OMCs (+21.3pts) and Vanaspati & Allied Industries (+13.5pts).

· Volumes increased from 240.8mn shares to 332.5mn shares (+38.1% DoD). The average traded value also increased by 0.4% to USD 25.0mn as against USD 24.9mn.

· Stocks that contributed significantly to the volumes were WTL, TELE, PIBTL, TPLP and UNITY.

Courtesy – AHL

Posted in PSX.

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