DAILY MARKET WRAP

The Pakistan Stock Exchange (PSX) regained momentum and ended the session on Tuesday in green. Indices swung high and low, while volume appreciated compared to prior session.

Global equity markets showed positive trend. Crude oil prices moved south, with WTI crude oil falling by 1.46% to $78.14. While Brent crude oil was down by 1.47% to $82.48. (As at 3:54 PM PST, Source: Investing.com).

During the day, the benchmark KSE 100 index oscillated between intraday low of 74,958.10 (losing 125.91 pts) and intraday high of 75,482.46 (gaining 398.46 pts). It closed the higher by 122.77 pts at 75,206.77. The KMI 30 index surged by 221.52 pts ending the session at 123,792.23. While the KSE All share index inched up by 114.57 pts ending the day at 48,760.78.

Investor activity went up from 375.09 mn shares in the previous session to 461.72 mn shares. Highest participation was witnessed in K-Elektric Limited (KEL +3.64%) Dewan Cement Limited (DCL +9.31%) and Symmetry Group Limited (SYM +25.38%). The scrips had 40.93 mn shares, 38.49 mn shares and 32.85 mn shares traded, respectively.

Sectors driving the benchmark KSE 100 index forward included, Banking sector (+267.12 pts), Leather and Tanneries sector (+42.22 pts) and Power Generation and Distribution sector (+21.10 pts). Company-wise, Meezan Bank Limited (MEBL +134.40 pts), Bank Al Habib Limited (BAHL +52.25 pts) and United Bank Limited (UBL +50.65 pts), were top points contributors.

The Power Generation and Distribution sector gained 0.36% in its cumulative market capitalization. Nishat Chunain Power Limited (NCPL +1.52%), K-Electric Limited (KEL +3.64%), Pakgen Power Limited (PKGP +7.50%) and Nishat Power Limited (NPL +2.04%), all closed in green.

Values as at 04:14 PM PST