KARACHI: The Pakistan Stock Exchange (PSX) today (Monday) witnessed a volatile session, with the indices swaying in both directions before landing in the green.
Gaining 212.19 points the KSE 100 index recorded an intraday high of 40,943.80 during the initial hour. It then fell to an intraday low of 40,596.99 losing 134.62 points. The index settled flat by 52.43 points at 40,784.04.
Among other indices, the KMI 30 index lost 192.04 points ending at 64,983.51, while the KSE All Share index managed to gain 3.36 points closing at 28,670.87. Overall market volumes fell from Friday’s tally of 350.41 million shares to 276.79 million shares. The total traded value was recorded at Rs 9.52 billion.
Power Cement Limited (POWER +0.85%), TRG Pakistan Limited (TRG +6.54%) and Pak Elektron Limited (PAEL +3.08%) led the volume chart. The scripts had 36.54 million shares, 31.98 million shares and 19.21 million shares traded, respectively.
Sectors erasing the losses of the KSE 100 index included the Banking sector (40.20 points), the Technology and Communication sector (40.10 points), and the Pharmaceutical sector (25.72 points). Company-wise, Habib Bank Limited (HBL 39.59 pts), TRG Pakistan Limited (TRG 37.11 pts) and MCB Bank Limited (MCB 23.52 pts) added the most points to the index.
The Pharmaceutical sector gained 1.70% in its cumulative market capitalization. GlaxoSmithKline (Pakistan) Limited (GLAXO 6.54%), The Searle Company Limited (SEARL 2.23%) and Ferozsons Laboratories Limited (FEROZ 0.52%) all closed in green.
