DAILY MARKET WRAP

Another round of volatile trading continued at the Pakistan Stock Exchange (PSX) on Tuesday. Indices traded in green all day long while volumes appreciated from previous close. Equity markets around the globe showed positive trend. Crude oil prices moved north with WTI crude oil price rising by 0.54% to $73.20. While Brent crude oil price was up by 0.33% to $78.02. (As at 2:27 PM PST, Source: Investing.com).

On the economic front, as per data released by the State Bank of Pakistan (SBP), the Pakistani Rupee gained PKR 0.0238/US$ (0.01%) against the US Dollar on DoD basis ending the session at PKR 283.5532/US$.

Accumulating 203.47 pts, the benchmark KSE 100 index recorded intraday high of 40,203.84. It settled flat by positive 82.00 pts at 40,082.37. The KMI 30 index gained 202.07 pts closing day at 69,122.09. While the KSE All Share index jumped up by 131.16 pts ending at 26,556.14.

Overall market volumes increased from 64.51 mn shares in last session to 87.20 mn shares. Telecard Limited (TELE +11.80%) topped the volume chart with 23.78 mn shares traded. Followed by Worldcall Telecom Limited (WTL +0.00%) and K-Electric Limited (KEL -0.95%). The scrips had 4.17 mn shares and 3.77 mn shares traded, respectively. Out of the total scrips traded, 138 advanced, 131 declined and 278 remained unchanged.

Sectors driving the benchmark KSE 100 index in north included, Banking sector (30.71 pts), Fertilizer sector (24.53 pts) and Food and Personal Care Products sector (20.80 pts). Company-wise, Habib Bank Limited (HBL 35.72 pts), Fauji Fertilizer Company Limited (FFC 18.18 pts) and MCB Bank Limited (MCB 17.28 pts), were top points contributors.

The Refinery sector gained 1.01% in its cumulative market capitalization. Cynergyico PK Limited (CNERGY 0.84%), Attock Refinery Limited (ATRL 1.37%), National Refinery Limited (NRL 0.58%) and Pakistan Refinery Limited (PRL 1.20%) all closed in green.

Values as at 02:29 PM PST