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KARACHI: The Pakistan Stock Exchange (PSX) witnessed a see-saw session today (Thursday) as the indices traded within a narrow range while volumes remained decent.
Losing 84.40 points, the benchmark KSE 100 index slipped to an intraday low of 42,119.63. It then managed to recover all losses and recorded an intraday high of 42,441.31 gaining 237.28 points. The index settled higher by 101.81 points at 42,305.84.
Among other indices, the KMI 30 index lost 2.30 points closing at 68,297.58, while the KSE All Share index gained 66.49 points ending at 29,641.66.
Overall market volumes jumped from 438.13 million shares in the last session to 472.00 million shares. Shares worth Rs 19.27 billion were traded. Pakistan International Bulk Terminal Limited (PIBTL +5.04%), Unity Foods Limited (UNITY +1.83%) and K-Electric Limited (KEL -1.63%) led the volume chart.
Sectors that helped the KSE 100 index to close in green included Banking sector (47.87 points), Technology and Communication sector (21.77 points) and Cement sector (15.10 points).
The Refinery sector gained 3.51 percent in its cumulative market capitalization. Byco Petroleum Pakistan Limited (BYCO 2.00 percent), Pakistan Refinery Limited (PRL 1.59 percent), National Refinery Limited (NRL 7.50 percent) and Attock Refinery Limited (ATRL 4.76 percent) all closed day in green.
Global equity markets showed mixed performance. Crude oil prices moved north with WTI crude oil price rising by 1.10% to $46.03 while Brent Crude oil price appreciated by 1.21% to $49.45 (as at 3:48 PM PST Source: Investing.com).