· Today, the Bulls triumphed at the PSX. The week began with great hopes at the PSX for the Resumption of the IMF’s 9th review of the Extended Fund Facility after the Prime Minister met with MD IMF over the weekend to revive the halted program. Following this development, the SBP announced that import restrictions would be lifted to help the industrial sector. Investors were active throughout the day, with substantial purchasing seen across the board. Overall, healthy volumes were recorded.

· The index closed at 41,437.10, up by 1371.78pts (+3.42% DoD). Sectors contributing to the performance include Commercial Banks (+332.6pts), Fertilizer (+193.3pts), Power Generation & Distribution (+145.4pts), Cement (+138.6pts) and Technology & Communication (+117.1pts).

· Volumes increased from 136.95mn shares to 226.85mn shares (+65.7% DoD). The average traded value also increased by 108.8% to USD 24.6mn as against USD 11.8mn.

· Stocks that contributed significantly to the volumes were WTL, FFBL, SNGP, OGDC and TPLP.

Courtesy – AHL