DAILY MARKET WRAP

Optimistic sentiments dominated the Pakistan Stock Exchange (PSX) during Tuesday's trading session. Throughout the day, indices remained in positive territory while trading volumes experienced a slight increase compared to the last close.

Equity markets around the globe showed negative trend. Crude oil prices moved north with WTI crude oil price rising by 0.81% to $91.31. While Brent crude oil price was up by 0.54% to $94.94. (As at 3:53 PM PST, Source: Investing.com).

The benchmark KSE 100 surged by 232.84 pts to reach the day's peak at 46,036.04. Eventually, it closed with a gain of 107.28 pts at 45,910.47. The KMI 30 index appreciated with an addition of 68.19 pts to finish the trading session at 77,572.07. While the KSE All share index saw an increase of 143.82 pts, concluding at 30,639.33.

Market volumes inched up from 103.40 mn shares in the previous session to 117.00 mn shares. Yousaf Weaving Mills Limited (YOUW +5.78%) took the lead in the volume chart with 11.62 mn shares traded. Following closely were BankIslami Pakistan Limited (BIPL +4.43%) and Cynergyico PK Limited (CNERGY +0.68%) with trading volumes of 6.07 mn shares and 4.56 mn shares, respectively.

Sectors adding gains to the benchmark KSE 100 index included, Oil and Gas Exploration sector (+26.34 pts), Banking sector (+26.09 pts) and Chemical sector (+25.64 pts). Company-wise, United Bank Limited (UBL +31.66 pts), TRG Pakistan Limited (TRG +26.33 pts) and Thal Limited (THALL +18.42 pts), were top points contributors.

The Refinery sector witnessed a 0.68% increase in its overall market capitalization. Attock Refinery Limited (ATRL +0.57%), Cynergyico PK Limited (CNERGY +0.68%), National Refinery Limited (NRL +0.93%), and Pakistan Refinery Limited (PRL +1.35%), all recorded gains and closed the day in positive.

Values as at 04:08 PM PST