Follow Us on Google News
KARACHI: The Pakistan Stock Exchange (PSX) today (Friday) witnessed a bullish trend, as the benchmark index managed to overcome bearish sentiment in cautious trading.
At close, the benchmark KSE-100 index recorded an increase of 75.45 points, or 0.17%, to settle at 45,305.63 points.
Arif Habib Limited, in its report, stated that the market inched up on the brink of earnings season, with an increase of 241 points during the session. Overall trading volumes stood at 173.5 million shares, down 50% day-on-day with investor concentration in technology stocks.
Sectors contributing to the performance included banks (+27 points), technology (+19 points), fertilizer (+18 points), auto (+13 points) and auto parts (+10 points).
Individually, stocks that contributed positively to the index included Engro Fertilisers (+16 points), TRG Pakistan (+15 points), HBL (+9 points), Hubco (+7 points) and Pak Suzuki Motor Company (+7 points).
Stocks that contributed negatively were Pakistan Tobacco Company (-11 points), DG Khan Cement (-7 points), Fauji Cement (-5 points), Pakistan Petroleum (-5 points) and Fauji Fertiliser Bin Qasim (-4 points).