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Pakistan Stock Exchange witnesses bullish session

MM News Staff by MM News Staff
August 17, 2021
Reading Time: 1 min read

KARACHI: The KSE-100 has witnessed a bullish session, with the benchmark index climbing well above the 47,000 level, albeit with lower volume day-on-day at the Pakistan Stock Exchange (PSX).

At close, the KSE-100 Index finished 345.66 points or 0.74 percent higher to end at 47,258.45 points. The market will now open on Friday after Ashura. Meanwhile, today, FY21 financial result posted a profit-after-tax of Rs10.2bn (EPS: Rs 11.62), down by 57 percent YoY compared to Rs 23.6bn (EPS: Rs 26.83) during FY20.

On Monday, volume on the all-share index decreased from 251.80 million to 246.07 million on Tuesday. However, the value of shares traded during the session jumped to Rs11.47 billion, from Rs10.14 billion yesterday.

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