KARACHI: Pakistan Stock Exchange (PSX) had a topsy turvy day on Wednesday amid economic challenges and the uncertainty posed by the new Omicron coronavirus variant.
The benchmark KSE-100 index closed with an increase of 296.79 points (0.66%) and closed at 45.396.14 points. The bourse surged in early trading before reaching its highest point of 45,072.38 points.
It eventually slumped and reached its lowest level of 45,072.38 points before it gradually recovered and end on a positive note. The total volume of shares was 85.036 million valued at Rs6.958 bn.
The lower-bench KSE-30 increased by 146.27 points (0.84%) and closed at 17,575.86 points. The total volume of share were 53.295 million. The KMI-30 index surged by 534.57 points (0.73%) and closed at 73,745.31 points, while the All-Share Index increased by 121.75 points (0.39%) to close at 30,953.66 points. The total volume of shares at the stock market was 241.048 million.
The most active stock was Fauji Foods Ltd (FFL 0.36%) which saw 38.342 million shares traded at the stock market. This was followed by TPL Properties Ltd (TPLP 1.54%), Maple Leaf Cement Factory (MLCF 1.84%) and TRG Pakistan Ltd (TRG 1.40%). The total volume of scripts was 14.855 million, 10.691 million, and 9.01 million respectively.
This is the second day bulls and bears were seen locking horns in line with global equity markets as the stock exchange remained under pressure. The scepticism about the resumption of International Monetary Fund (IMF) loan programme amid continued rupee depreciation has affected investor confidence.
