The PSX index bounced back today

· After posting consecutive losses in the past 2 sessions, the index bounced back and put a recovery of 242pts during the session, closing +204ptrs (unadjusted). Besides the rebound in Technology sector, E&P stocks posted gains. Cement and O&GMCs remained under selling pressure, whereas nominal gains were witnessed in Steel, Chemical and Banking sector stocks. Sentiment at the bourse improved after PKR started recovering against USD and posted partial gains in the Interbank market after supposed SBP intervention. Among scrips, SERFR posted top volumes with 61.6M shares, followed by WTL (44.8M) and TRG (32.3M).

· The Index closed at 46,920pts as against 46,717pts showing an increase of 204pts (+0.4% DoD). Sectors contributing to the performance include Technology (+90pts), E&P (+49pts), Banks (+42pts), Textile (+29pts) and Vanaspati (+20pts).

· Volumes increased from 332.8mn shares to 405.2mn shares (+22% DoD). Average traded value also increased from US$ 68mn to reach US$ 98.2mn (+44% DoD).

· Stocks that contributed significantly to the volumes include SERFR, WTL, TRG, UNITY and TELE, which formed 45% of total volumes.

· Stocks that contributed positively to the index include TRG (+101pts), OGDC (+25pts), PPL (+23pts), UNITY (+20pts) and FABL (+17pts). Stocks that contributed negatively include AGP (-11pts), MEBL (-9pts), LUCK (-7pts), SYS (-7pts) and MTL (-7pts).

Sharing is caring

Leave a Reply