DAILY MARKET WRAP

Carrying forward gains made in the previous session, the Pakistan Stock Exchange (PSX) ended the session on Tuesday in green. Indices traded in green all day long while volumes surged from last close. Equity markets around the world showed negative trend. Crude oil prices moved south with WTI crude oil price falling by 2.25% to $70.53. While Brent crude oil price was down by 2.12% to $75.08. (As at 3:50 PM PST, Source: Investing.com).

On the economic front, as per data released by the State Bank of Pakistan (SBP), central government’s debt rose by 23% on YoY basis to Rs 58,599 bn. Out of the total debt 62% debt was from domestic sources, while remaining 38% was from external sources.

The benchmark KSE 100 gained 359.00 pts jumping to day’s high of 42,026.94. It settled higher by 255.52 pts at 41,923.46. The KMI 30 index gained 553.48 pts ending at 72,493.27. While the KSE All share index settled at 28,101.39 with an addition of 163.92 pts.

Overall market volumes grew from 144.56. mn shares in the previous session to 240.69 mn shares. Worldcall Telecom Limited (WTL -0.86%) led the volume chart with 24.43 mn shares traded. Followed by Pakistan Refinery Limited (PRL +4.88%) and Cynergyico PK Limited (CNERGY +5.71%). The scrips had 20.52 mn shares and 15.49 mn shares exchanged, respectively.

Sectors pushing the benchmark KSE 100 index towards the green zone included, Fertilizer sector (64.83 pts), Oil and Marketing sector (43.65 pts) and Refinery sector (25.56 pts). Company-wise, Engro Corporation Limited (ENGRO 41.17 pts), Pakistan State Oil Company Limited (PSO 36.70 pts), Bank Al Habib Limited (BAHL 24.09 pts) were top points contributors.

The Refinery sector gained 5.64% in its cumulative market capitalization. Attock Refinery Limited (ATRL 4.73%), Cynergyico PK Limited (CNERGY 5.71%), National Refinery Limited (NRL 7.17%) and Pakistan Refinery Limited (PRL 4.88%), all closed in green.

Values as at 04:14 PM PST