DAILY MARKET WRAP

The Pakistan Stock Exchange moved north, recovering from yesterday's losses and ending the session on a positive note on Tuesday. Indices trading in green most part of the day, though trading volume was higher compared to the previous session.

Global equity markets displayed negative trend. Crude oil prices increased, with WTI crude oil rising by 0.55% to $73.34 and Brent crude oil climbing by 0.45% to $76.64 (as of 3:42 PM PST, Source: Investing.com).

The benchmark KSE 100 index initially gained momentum to reach a high of 77,746.56 (up by 662.07 points). It then fell by 48.53 points to a low of 77,035.96. The index ended the session in positive territory gaining 106.85 points to settle at 77,191.34. The KMI 30 index rose by 178.42 points, concluding the day at 122,125.21, while the KSE All index increased by 76.42 points closing at 49,281.13.

Overall trading volume increased from 500.86 million shares in the previous session to 600.58 million shares. Kohinoor Spinning Mills Limited (KOSM +12.75%), Yousaf Weaving Mills Limited (YOUW +0.48%) and Hascol Petroleum Limited (HASCOL +4.46%) led the volume chart with 147.51 million, 53.67 million and 41.38 million shares traded, respectively.

Sectors contributing to the KSE 100 index's positive performance included Banking (+64.57 points), Fertilizer (+48.17 points) and Technology and Communication (+44.12 points). Key contributors on a company level were The Hub Power Company Limited (HUBC +40.96 points), Meezan Bank Limited (MEBL +37.85 points) and Systems Limited (SYS +36.41 points).

The Technology and Communication sector saw a 1.57% increase in its cumulative market capitalization. Octopus Digital Limited (OCTOPUS, +10%), Symmetry Group Limited (SYM, +6.61%), Telecard Limited (TELE, +4.93%), Air Link Communication Limited (AIRLINK, +1.35%) and Hum Network Limited (HUMNL, +2.04%), all closed in positive territory.

Values as at 04:15 PM