KARACHI: The Pakistan Stock Exchange (PSX) on Monday gained 375.52 points as investors’ sentiment turned positive over budget proposals being put forward by the government.
The KSE-100 index closed the trading session at 41,340.06 level, an increase of 375.52 points or 0.92%.
Trading began with a jump and the market rose past 41,500 points in intra-day trading. Few of the gains were shaved off towards the end of the session.
Across-the-board buying was witnessed with index-heavy sectors including automobile, cement, chemical, oil and gas exploration companies and OMCs trading in the positive.
Sectors painting the benchmark KSE-100 index in green included technology and communication (114.25 points), fertilizer (56.82 points) and oil and gas exploration (53.20 points).
Volume on the all-share index more than doubled to 346.4 million from 168.5 million on Friday, while the value of shares traded fell to Rs6.4 billion from Rs6.8 billion recorded in the previous session.
WorldCall Telecom was the volume leader with 193.9 million shares followed by Maple Leaf Cement with 10.9 million shares and K-Electric with 8.9 million shares.
Shares of 348 companies were traded on Monday, of which 204 registered an increase, 128 recorded a fall and 16 remained unchanged.
