KARACHI: The Pakistan Stock Exchange (PSX) on Thursday continued its bullish trend, with the benchmark KSE-100 Index gaining 156 points while volumes declining from the last close.
The cement sector remained in the limelight as cement stocks rallied in the first trading hour due to reduction in international coal prices. Meanwhile, the cabinet gave approval to the supplementary finance bill or the mini-budget, which was also presented in the National Assembly session earlier today.
The market remained in green throughout the day, reaching an intraday high of 44,590.20. At close, the benchmark KSE-100 index finished with an increase of 156.09 points or 0.35% to end at 44,416.20.
Sectors adding gains to the benchmark index included technology and communication (70.98 points), banking (52.62 points), and fertilizer (50.89 points).
Volume decreased, clocking in at 243.10 million on the all-share index, down from 271.11 million on Wednesday. The value of shares improved to Rs10.34 billion, up from Rs8.16 billion.
K-Electric Limited was the volume leader with 22.93 million shares, followed by Treet Corporation with 19.10 million shares, and TRG Pakistan Limited with 17.71 million shares.
Shares of 373 companies were traded on Thursday, of which 202 registered an increase, 149 recorded a fall, and 22 remained unchanged.
