MM News

KARACHI: The Pakistan Stock Exchange (PSX) turned its tables today (Wednesday) closed the session in the green as the benchmark index closed at 40,144.29 points, with a positive change of 137.61 points.

Indices that traded within a narrow range managed to end the day with modest gains. The benchmark KSE 100 index which opened at 40,062.98 dropped to an intraday low of 39,845.77 losing 160.91 points.

It then managed to recover losses reaching an intraday high of 40,183.87 (177.19 points). The index ended with a gain of 137.61 pts at 40,144.29. Sectors driving the KSE 100 index north included the Fertilizer sector (20.70 pts), Textile Composite sector (18.92 pts), and Cement sector (17.24 pts).

Among other indices, the KMI 30 index closed at 63,928.64 points, with a positive change of 153.48 points. While the KSE All Share index settled at 28,473.89 gatherings 101.77 pts.

Overall market volumes contracted further from 290.07 million shares in the last session to 232.79 million shares. Hascol Petroleum Limited (HASCOL +1.87%), Unity Foods Limited (UNTIY +2.04%), and TRG Pakistan Limited (TRG +2.56%) led the volume chart.

Global equity markets displayed mixed sentiments. Crude oil prices also slipped lower with WTI crude oil price declining by 0.37% to $40.05 while Brent crude oil price fell by 0.26% to $42.34.