Another positive session was observed on Friday at the exchange as the index gained to close at 166,678 level (up by 0.8%).
This positivity can be accredited to off late buying by local institutions as indicated by National Clearing Company of Pakistan data. Apart from it news that Prime Minister Shehbaz Sharif has directed Federal Board of Revenue, the national tax agency, to reduce the rate of super tax imposed on large companies also provided further stimulus to the market
Top positive contribution to the index came from SYS, PPL, HUBC, OGDC and LUCK, as they cumulatively contributed +609 points to the exchange.Pakistan Finalises Meat Export Plan to Malaysia
Traded value wise PPL (PKR.3.58bn), HUBC (PKR.2.39bn), OGDC (PKR.2.38bn), PIOC PA (PKR.1.82bn) and PSO (PKR.1.74bn) dominated the trading activity. Traded volume and value for the day stood at 590mn shares and PKR.42bn respectively
