· Yet another positive day was witnessed at the PSX today. The market opened in the positive territory although lacklustre activity was noticed which led the index to lose 96.39 points at the close of the opening trading session. However, the benchmark KSE-100 did rebound once the trading resumed as investors resurfaced following the Finance Minister’s announcement of a $13 Billion package from China and Saudi Arabia. Volumes were stable overall, while healthy activity was observed in the Oil & Exploration Companies.

· The Index closed at 43,092.95pts, up by 191.68pts (0.45% DoD). Sectors contributing to the performance include E&P’s (+129.3pts), Technology & Communication (+98.4pts), OMC’s (+22.8pts), Tobacco (+13.1pts) and Food & Personal Care Products (+12.8pts).

· Volumes decreased from 293.9mn shares to 232.8mn shares (-20.8% DoD). The average traded value also decreased by -25.4% to USD 34.4mn as against USD 46.1mn.

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

Courtesy- AHL