· The bulls seized control of the PSX today as the business week ended. The bourse opened with upbeat vibes due to progress in signing the SLA between the government and the IMF for the extended tranche. After the IMF news, investors breathed a sigh of relief as the index reached an intraday high of 292.55 points. Still, political instability forced them to stay cautious as slow activity was observed. The volume remained flat across the board.

· The index closed at 40,205.54, up by 79.49pts (+0.20% DoD). Sectors contributing to the performance include Commercial Banks (+30.4pts), Power Generation & Distribution (+20.8pts), Cement (+18.0pts), E&P’s (-11.0pts), and Technology & Communication (+8.8pts).

· Volumes increased from 79.8mn shares to 89.2mn shares (+11.7% DoD). The average traded value also increased by +8.3% to USD 9.7mn as against USD 8.9mn.

· Stocks that contributed significantly to the volumes are WTL, KEL, PPL, OGDC and SILK.

Courtesy – AHL