KSE 100 index gains 170 points in range-bound session

KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday observed a range-bound trading session but managed to maintain positive gains.
The benchmark KSE 100 witnessed an increase of 170.58 points and closed at 35,472.35 points. The indices saw a decline in early trading and declined to its lowest level in 35,202.77 points. The total volume of shares were 241.068 million valued at Rs9.841 billion.
The lower bench KSE 30 index nudged by 34.33 points and closed at 15,281.29 points. The total volume of scripts were 136.169 million. The KMI 30 index also gained 66.25 points and closed at 56,671.67, while the All-Share Index gained 111.52 and closed at 25,361.31 points.
The top active stocks were Pak Elektron (PAEL -0.04%), Hascol Petroleum (HASCOL 3.34%) and Lotte Chemicals (LOTCHEM -2.24%). The firms traded 32.968 million, 31.521 million, and 24.126 million shares respectively.
The highest contributor to the KSE 100 index were commercial which banks which gained 61.30 points, while the automobile assembly witnessed the highest change in market capitalization (4.21%).
The cement sector traded positively after it was reported that it had recovered after three months of declining sales. There has been a nearly 30 percent in cement sale in the month of June, even though domestic sales have declined for the first time in the past six years.
Comments: 0

Your email address will not be published. Required fields are marked with *