KARACHI: The Pakistan Stock Exchange (PSX) managed to regain an upward trend on Friday, with the benchmark index accumulating gains all day long amid positive sentiments.
The Pakistan Stock Exchange ended the week on a positive note, with the benchmark KSE-100 index gaining 118 points, or 0.25%, by the close of the trading session to reach 48,211 points. Over 317.4 million shares changed hands by the end of the session, with a total worth of nearly Rs14.09 billion.
Stocks of 395 companies were traded, of which 232 gained in value, 139 declined and 24 remained unchanged.
Volumes were led by Worldcall Telecom Ltd (WTL), with 89.04 million shares traded. Hascol, BYCO, First Capital Securities Corporation (FCSC) and Pakistan Telecommunication Company Ltd (PTC) closed out the top five symbols traded, with volumes of 78.8m, 54.6m, 45.3 m and 35.9m, respectively.
WTL was down 1.40%, trading at Rs3.51; Hascol was up 7.78%, trading at Rs7.78%; BYCO was up 2.42%, trading at Rs11.44; FCSC was up 19.46%, trading at Rs3.07; while PTC was up 5.80%, trading at Rs11.86.
On a sector-wise basis, Engineering (+9.6% WoW), Autos (+6.6% WoW) and Oil & Gas Marketing Companies (+6.3% WoW) were the key outperformers. Refineries (+6.1% WoW) also beat the benchmark index over expectations that the Refinery Policy will be announced soon while the rally in Cement (+3.2% WoW) can be attributed to anticipation of strong sales growth during May-2021.
