Another positive session was witnessed today at the PSX. The KSE100 index closed 789 points in the positive to bring the index to 41,071.

The market took off on a positive note with the index immediately seeing a raise of 400 points at the start. Positive momentum continued for the day as the index passed the 41,000 mark by midday.

The market was seen to continue on a positive note after some profit taking in the previous session. Reassurance by the Prime Minister that a lock down would not be taking place keeping in view the second wave of coronavirus cases. This announcement could be attributed to stability at the exchange.

The presidential race in the U.S. was also seen coming to a close with Bidden set to win the election. This caused global exchanges to react in a positive measure as everyone expects Joe Bidden to have a positive impact on U.S. relations with the rest of the world.

At closing 252 companies were in the green with 91 scrips closing in the green. 22 symbols remained unchanged. Market participation for the KSE100 Index increased to 193M from 234M in the previous session (-17% on d/d basis). Major contribution to total market volume came from PRL, UNITY and PIBTL taking a total of 85M shares out of the total market volume of 357M shares.