ASPI tops 1 ½ month high

The bourse commenced the week, on a positive note as the index closed at its 1 ½ month high on the back of the exceptional contribution from the banking sector and index heavy shares.

The bullish performance enabled the index to surpass the 9,000 psychological barrier and close the day at 9,015 gaining 196 points.

Furthermore, multiple crossings from mid cap counters helped the turnover to surpass Rs. 1.0 Bn whilst, revitalized investor interaction on the retail shares namely LOFC and BIL which collectively backed to record the highest number of trades in 5 ½ weeks.

Moreover, after a long streak of consecutive gains primary dealer shares took a breather during today’s session compared to the past few weeks.

Meanwhile, the turnover was recorded at Rs. 1.2 Bn, contributed by the Diversified Financial sector (26%), Food, Beverage and Tobacco sector (18%) and Capital Goods sector (16%) respectively.

(First Capital Research)