LAHORE   -  The KSE 100-index of Pakistan Stock Exchange closed positive after range-bound activity as the index made an intra-day low and high of -159 points & +200 points. The market started on a positive note in the initial hours of the session but later traded sideways, eventually closing in the green zone, +21 points.

It is expected that the market will continue to trade sideways until any further substantial developments in local politics. On the economic front, Prime Minister Imran Khan would pay a two-day official visit to Malaysia in the third week of the current month. The aim of the visit is to seek cooperation for his reforms agenda based on the Malaysian model, to help the government fight corruption and bring more Malaysian investment to Pakistan.

The cement sector attracted investors interest after strong dispatch numbers. DGKC (+2.24%), PIOC (+2.48%), CHCC (+0.21%), FCCL (+1.31%) and LUCK (+0.66%) closed higher than their previous day close. E&P sector closed in the red zone as crude oil prices edged lower in international market trading at $59.62/bbl. POL (-0.73%), PPL (-1.78%) and OGDC (-0.76%) were the major losers of the mentioned sector. Investor's interest was witnessed in the textile sector where big players such as KTML (+5%), NCL (+2.11%) and NML (+1.61%) closed in the green belt.

Going forward, experts expect the market to depict a similar trend, therefore they recommend investors to see any downside in the market as an opportunity to buy in cement, consumer and banking sector.