· The PSX recorded a productive session today. The market opened in the green and traded within the same range as investors continued to be optimistic about the potential policy-level agreement between the government and IMF mission. Due to the resolution of the Gas Circular debt, the E&P sector remained in the spotlight although volumes remained strong overall.
· The index closed at 41,723.32 pts, up by 200.6 pts (+0.48% DoD). Sectors contributing to the performance include Technology & Communication (+77.2pts), OMCs (+46.5pts), Pharmaceuticals (+44.1pts), Chemical (+15.7pts), and Cement (+13.1pts).
· Volumes increased from 293.6mn shares to 297.8mn shares (+0.4% DoD). The average traded value decreased by 2.5% to USD 44.2mn as against USD 45.3mn.
· Stocks that contributed significantly to the volumes are WTL, OGDC, PPL, LOTCHEM and KEL.
Courtesy – AHL