PSX ends flat session with positive gains

KARACHI: The Pakistan Stock Exchange (PSX) on Friday hovered within a narrow range but managed to close the last session of the week on a positive note.

The benchmark KSE 100 touched its intraday high of 35,105.16 after gaining 126.98 points. It then slid to its intraday low of 34,918.52 after a decline of 59.66 points. The index settled with an appreciation of 73.20 points at 35,051.38.

The lower bench KSE 30 index gained 44.96 points and closed at 15,202.82 points. The total volume of shares traded at the bourse were 67.029 million.

The KMI 30 declined by -23.35 points closing at 56,459.32 while the KSE All Share index managed to gain 39.39 points and closing at 25,087.02. Out of total shares traded 137 advanced and 151 declined.

The overall market volumes were recorded at 175.52 million shares while the total value traded was recorded at Rs6.74 billion.

TRG Pakistan Limited (TRG +6.68%), Jahanghir Siddiqui & Company Limited (JSCL -0.08%) and Hum Network Limited (HUMNL -3.28%) were volume leaders of the day. The scripts traded 23.31 million shares, 12.75 million shares and 9.12 million shares respectively.

The sectors adding gains to the KSE 100 index included pharmaceutical sector (+34.09 points), banking sector (+31.86 points) and fertilizer sector (+27.49 points).

 Fauji Fertilizer Company Limited (FFC +24.18 points), The Searle Company Limited (SEARL +22.78 points) and TRG Pakistan Limited (TRG +19.99 points) were top points contributors. The pharmaceutical sector gained 2.23% in its cumulative market capitalization

The Pakistan Stock Exchange conducted first IPO for the year of The Organic Meat Company (TOMC) which is looking to raise Rs720 million.