MARKET CLOSING - 20TH OCT 2021

During today’s session, the KSE 100 index exhibited a sharp rally, where the index grew by 870.01pts(1.95%). The commenced on a positive note and maintained its momentum throughout the session. The intraday trading saw a high of 45,563.61 and an intraday low of 44,629.45, as the index finally clocked in at 45,499.46. During the day there were a few positive announcements on the economic front. Although, the commodity prices have escalated and the PKR deprecated significantly against greenback, the current account deficit narrowed to $1.1 billion in September. Meanwhile no agreement has been reached with IMF yet on the resumption of the program; however, positive developments have occurred according to the IMF’s middle east & central Asia Director. The volume leader during today’s session were WTL(49mln), HUMNL(25mln), BYCO(16mln), TELE(16mln), UNITY(15mln)