KARACHI: Bulls dominated the Pakistan Stock Exchange (PSX) on Monday, with the benchmark index crossing the 48,000 mark after over six weeks amid improved market sentiment.
The benchmark KSE-100 Index remained in the green zone throughout the session, registering its intraday high at 48,144.89 after gaining 545.07 points. It settled higher by 512.39 points at 48,112.21.
Among other indices, the KMI-30 Index accumulated 1171.89 points to end at 78,521.49, while the KSE All Share Index gathered 351.37 points, closing at 32,816.59.
Sectors painting the benchmark KSE-100 index in the green included the banking sector (171.67 points), oil and gas exploration (145.54 points), and oil and gas marketing (38.96 points).
Volume on the all-share index increased significantly from 299.13 million on Friday to 397.69 million on Monday. Meanwhile, the value of shares traded during the session jumped to Rs14.85 billion, from Rs13.06 billion on Friday.
Hum Network remained the volume leader with 35.38 million shares, followed by Bank of Punjab with 22.27 million shares, and Ghani Global Holding at 19.88 million shares.
Shares of 494 companies were traded on Monday, of which 331 registered an increase, 144 recorded a fall, while 19 remained unchanged.
