DAILY MARKET WRAP

Recovering losses from previous session, the Pakistan Stock Exchange (PSX) ended the day on Tuesday in green. Indices showed consistent gains throughout the day, albeit with reduced trading volumes compared to the last session. Analysts attributed the positive momentum to investors' optimism ahead of the monetary policy meeting scheduled for later today.

Global equity markets showed mixed trend. Crude oil prices moved south with WTI crude oil price falling by 0.28% to $71.12. While Brent crude oil price was down by 0.32% to $75.79. (As at 3:49 PM PST, Source: Invetsing.com).

Bulls drove the benchmark KSE 100 index to intraday high of 66,604.04 gaining 591.72 pts. It settled higher by 414.46 pts at 66,426.78. The KMI 30 index witnessed an increase of 1,378.76 pts concluding the session at 112,182.66. While the KSE All share index jumped by 376.25 pts ending at 44,092.74.

Total volume fell from 1.33 bn shares in the last session to 968.31 mn shares. Worldcall Telecom Limited (WTL +4.09%) made it to the top of the volume chart with 98.87 mn shares traded. Followed by Pakistan Telecommunication Company Limited (PTC +8.47%) with 79.25 mn shares traded. K-Electric Limited (KEL +1.11%) was pushed to third place with 66.71 mn shares exchanged.

Sectors propelling the benchmark KSE 100 index into the green zone included Cement sector (+125.89 pts), Automobile Assembler sector (+67.67 pts) and Fertilizer sector (+64.92 pts). Company-wise, Lucky Cement Limited (LUCK +71.04 pts), Millat Tractors Limited (MTL +54.81 pts) and Sui Northern Gas Pipelines Limited (SNGP +37.74 pts), were top points contributors.

The Cement sector gained 2.11% in its cumulative market capitalization. Lucky Cement Limited (LUCK +2.89%), Maple Leaf Cement Factory Limited (MLCF +1.53%), Kohat Cement Company Limited (KOHC +2.20%) and D.G. Khan Cement Company Limited (DGKC +3.98%), all closed in green.

Values as at 04:11 PM