Recovery was observed in the market today, as the index gained 0.48% to close at 167,085 level. This positivity can be attributed to buying by local institutions, where they came in to buy the dip.
Top positive contribution to the index came from FFC PA, PPL PA, OGDC PA, PSEL PA, LUCK PA and SYS PA, as they cumulatively contributed +607 points to the index.Stock Market Continues Momentum
Traded value wise PPL (PKR.4.12bn), FFC (PKR.1.93bn), OGDC (PKR.1.81bn), PSO (PKR.1.67bn) and HUBC (PKR.1.61bn) dominated the trading activity
Traded volume and value for the day stood at 686mn shares and PKR.41.6bn respectively
