Bourse witnessed a near three and a half years high while recording a 3 billion plus turnover, sustaining the drive in the positive direction for the 3rd consecutive session.
Index spiked within the first few minutes of trading, thereafter experienced a downward movement till mid-day. Subsequently market bounced back and closed at 6,748 gaining 43 points.
Capital Goods sector dominated the turnover for the session with a contribution of 42%. Moreover, parcel trades in DIPD and HHL boosted the turnover amounting to 10%. Market experienced a net foreign outflow while recording low participation. Meanwhile the secondary market yield curve remained flat while overall market witnessed thin volumes. Limited activity was seen on 01.10.23 maturity trading at 5.98%-5.97% levels while 01.02.26 maturity traded at 6.75%.
At the last weekly T-bill auction held for this year, 3M and 6M bills were accepted at weighted averages of 4.69% and 4.80% up by 2bps each. Moreover, the benchmark 1-Yr T-bill was accepted at 5.05% up by 2bps.
0 comments: