The PSX index closed at 43,933.56pts, up by 382.41pts today

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Index stayed in the red territory during the first trading hour due to political unrest and further PKR devaluation against dollar. Cement sector remained in the limelight due to price increase by another 15/bag in the south except Karachi. Main board activity remained dull. On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, value buying was witnessed which led the index to close in the green zone.

The Index closed at 43,933.56pts, up by 382.41pts (+0.88% DoD). Sectors contributing to the performance include Cement (+120.1pts), Commercial Banks (+50.4pts), Automobile Assembler (+48.0pts), E&P (+40.3pts) and Pharmaceuticals (+20.9pts).

Volumes decreased from 161.9mn shares to 132.6mn shares (-18.1% DoD). Average traded value increased by 15.8% to reach US$ 26.4mn as against US$ 22.8mn.

Stocks that contributed significantly to the volumes include TELE, WTL, KEL, GGL and TRG.

Courtesy – AHL

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