KARACHI: The Pakistan Stock Exchange (PSX) staged a slight upturn on Friday (today, as bulls come back to take control of the market after consolidation during the last trading day of the week.
According to details, after losing over 700 points in the previous session, with the benchmark index gaining over 170 points to close just timid of 45,000 marks.
The benchmark KSE-100 Index endured a volatile session today, recording its intraday low at 44,393.28 (-330.81 points) and high at 45,172.33 (+448.24 points). It settled higher by 177.22 points at 44,901.31.
Among other indices, the KMI-30 index gained 216.68 points to close at 73,816.55, while the KSE All Share Index added 94.36 points, closing at 30,750.20. The overall market volumes contracted from 554.05 million shares in the previous session to 484.63 million shares (-13pc).
Average traded value also declined 9pc, from $152.8 million to $140.0 million. Byco Petroleum Pakistan Ltd (BYCO +9.96pc), K-Electric Ltd (KEL +3.40pc) and TRG Pakistan Ltd (TRG +1.71pc) led the volume chart, exchanging 101.38 million, 38.24 million and 30.60 million shares, respectively.
Sectors that kept the benchmark index afloat included power generation & distribution (+50.74 points), technology & communication (+43.82 points) and oil & gas marketing (+43.59 points).
Among the companies, Habib Bank Ltd (HBL +62.48 points), Pakistan State Oil Company Ltd (PSO +32.61 points) and TRG Pakistan Ltd (+25.85 points) remained the top contributors.
Adding 8.20pc to its cumulative market capitalization, the refinery sector ended as the session’s top performer, with Attock Refinery Ltd (ATRL 7.50pc), Pakistan Refinery Ltd (PRL 7.47pc) and National Refinery Ltd (NRL 6.64pc) posting significant gains.
