KARACHI: The Pakistan Stock Exchange (PSX) continued with the positive momentum on Thursday, recording gains for the second consecutive session amid improved market sentiments.
The benchmark KSE-100 Index remained in the green throughout the day, registering its intraday high at 45,619.80 after gaining 466.38 points. It settled higher by 191.12 points at 45,344.54.
Among other indices, the KMI-30 Index lost 150.43 points to close at 73,679.96, whereas the KSE All Share Index appreciated 21.85 points, ending at 31,652.43.
The overall market volumes dropped slightly from 664.52 million shares in the previous session to 641.41 million shares (-4 percent). Average traded value, on the contrary, increased 3 percent, from $154.3 million to $159.5 million.
Sectors that kept the benchmark index afloat included banking (+177.30 points), fertilizer (+99.74 points) and investment banking (+11.87 points). Among the companies, United Bank Ltd (UBL +88.04 points), Habib Bank Ltd (HBL +43.73 points) and Fauji Fertilizer Company Ltd (FFC +37.39 points) remained the top contributors.
Adding 1.70 percent to its cumulative market capitalization, the fertilizer sector ended as the session’s top performer, with FFC (+2.11 percent), Fauji Fertilizer Bin Qasim Ltd (FFBL +3.11 percent) and Engro Corporation Ltd (ENGRO 1.20 percent) posting decent gains.
