‘Momentum regained with Budget reading optimism’ | Daily News

‘Momentum regained with Budget reading optimism’

2021 Budget reading optimism reverted the direction of the market back to positive, recording a 2Bn plus turnover, reversing the trend witnessed for the past three consecutive sessions.

Materials sector counters led the turnover followed by Transportation sector making a joint contribution of 56%. Index experienced a gradual upward movement since the beginning of the session and reached its intraday high of 6,115, before closing at 6,109 gaining 32 points. Market experienced a net foreign outflow while recording low participation.