KSE 100 index gains 475 points to cross 39,000 points level

KARACHI: After two days of a downward trend at the stock market, the Pakistan Stock Exchange on Thursday saw a health increase of around 475 points in intra-day trading.

The benchmark KSE 100 index increased by 475.71 points, witnessing a rise of 1.21 percent, and closed at 39,382.11 points. The stock market saw a positive trend and regained the 39,000 points level which it had lost last week. The total volume of scripts was 241.813 million valued at Rs11.618bn.

The lower bench KSE 30 index also increased by 225.85 points (1.26 percent) and closed at 18,082.11 points. The total volume of scripts was 137.916 million. The top active stocks were FCCL (6.75%), PIBTL (8.68%), Hascol (2.05%), MLCF (5.98%), Power Cement (6.08%), followed by TRG (5.70%), FFL (1.87%) and WTL (5.32%).

There was increased investment in the cement, engineering, and chemical sectors. The share price of companies in these sectors ended up in the green before trading was suspended for the day. This follows two days of lacklustre performance which saw the investors dump stock over profit-taking.