The PSX market witnessed Bull Run after clarity on IMF program resumption

· The market witnessed bull run after clarity on IMF program resumption which resulted in Pak Rupee appreciation against USD. The investors rejoiced over the news as KSE-100 went up by 1,016 points during the session giving bulls an upper hand to remain active throughout the day. Hefty volumes were witnessed in the main board.

· The Index closed at 41,068.87pts, up by 877.26pts (+2.18% DoD). Sectors contributing to the performance include Banks (+201.2pts), Cements (+174.2pts), E&P’s (+92.2pts), OMC’s (+48.4pts) and Fertilizer (+39.8pts).

· Volumes increased from 217.5mn shares to 333.0mn shares (+53.1% DoD). Average traded value also increased by 58.3% to reach US$ 43.8mn as against US$ 27.7mn.

· Stocks that contributed significantly to the volumes are WTL, TPLP, UNITY, PRL and CNERGY.

Courtesy – AHL

Posted in PSX.

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