A day after the KSE-100 hit its lowest level since July 2020, positive sentiment returned to the Pakistan Stock Exchange (PSX) in the latter stages of the trading session, as the benchmark index registered an increase of 1.19% on Thursday.
Meanwhile, volumes shrunk from the last close.
Range-bound activity was witnessed at the index in the first half of the trading session. However, towards the close of the session, the index settled at 39,747.36, an increase of 467.93 points or 1.19%.
Index-heavy automobiles, cement and technology sectors were trading with gains, while oil and gas marketing companies were in the red zone.
Sectors driving the benchmark index upwards included, cement (93.29 points), technology and communication (92.34 points) and fertilizer (69.21 points).
Volume on the all-share index declined to 227.8 million from 258.5 million on Wednesday. The value of shares traded decreased to Rs7 billion from Rs8.5 billion recorded in the previous session.
Bank Alfalah was the volume leader with 52.19 million shares, followed by K-Electric with 20.12 million shares, and Cnergyico PK with 13.12 million shares.
Shares of 325 companies were traded on Thursday, of which 214 registered an increase, 93 recorded a fall, and 18 remained unchanged.
