KARACHI: The Pakistan Stock Exchange (PSX) continued to head north on Monday, with the indices accumulating gains all day long amid positive sentiments.
The market kicked off trading on a positive note and traded range-bound. However, the overall optimism continued to prevail. At close, the benchmark KSE-100 index recorded an increase of 770.05 points, or 1.63%, to settle at 47,896.34.
Sectors contributing to the performance included banks (+98 points), exploration and production (+96 points), oil and gas marketing companies (+53 points), fertilizer (+39 points) and auto (+22 points).
Individually, stocks that contributed positively to the index included DG Khan Cement (+45 points), Lucky Cement (+45 points), Pakistan State Oil (+41 points), HBL (+32 points) and Oil and Gas Development Company (+31 points).
Stocks that contributed negatively were Fauji Fertiliser (-9 points), NBP (-5 points), K-Electric (-4 points), Shifa International Hospitals (-2 points) and GlaxoSmithKline (-2 points).
The cement sector also enjoyed the upward rally where DG Khan Cement (+7.3%), Power Cement (+9.9%), Pioneer Cement (+5.2%), Maple Leaf Cement (+4.3%) and Lucky Cement (+1.9%) managed to close in the green.
