· The week concluded with a positive session at the PSX today. The market opened in the green and maintained the sentiment throughout both sessions. In expectations of favourable outcomes from the upcoming budget, investors choose to add value to their portfolios by cherry-picking stocks. Investors remained active throughout the day as the bourse finished in the green. Substantial volumes were observed across the board, with third-tier equities in the spotlight.
· The index closed at 41,904.20 up by 217.74pts (+0.52% DoD). Sectors contributing to the performance include Synthetic & Rayon (+7.2pts), Cement (+3.6pts), Chemical (+0.8pts), Inv. Banks / Inv. Cos. / Securities Cos. (+0.6pts) and Commercial Banks (+0.5pts).
· Volumes decreased from 203.8mn shares to 164.8mn shares (-19.1% DoD). The average traded value also decreased by 11.2% to USD 18.1mn against USD 20.3mn.
· Stocks that contributed significantly to the volumes are TPLP, UNITY, WTL, FABL and HASCOL.
Courtesy – AHL