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KSE-100 makes gains following monetary policy announcement

KSE-100 index had risen by 378.91 points, or 0.82%, to close at 46,489.41.

KARACHI: The Pakistan Stock Exchange (PSX) on Friday posted modest gains during the pre-monetary policy announcement session, pushing the benchmark index up by over 300 points to close at 46,489.41.

The stock market kicked off trading on a positive note and remained in the green for most of the first session, reaching an intra-day high of 46,601.79. It receded after trading resumed in the second half, but losses were recouped towards the end of the session.

At close, the benchmark KSE-100 index had risen by 378.91 points, or 0.82%, to close at 46,489.41. Shares of 356 companies were traded. At close of trading, 215 scrips closed in the green, 123 in the red, and 18 remained unchanged.

Overall trading volumes rose to 304.2 million shares compared with Thursday’s tally of 263.5 million. The value of shares traded during the day was Rs12 billion.

Ghani Global Holdings was the volume leader with 33.9 million shares traded, gaining Rs0.45 to close at Rs33.68. It was followed by Service Fabrics with 17.9 million shares traded, gaining Rs0.06 to close at Rs12.93, and First National Equities with 14.85 million shares traded, gaining Re1 to close at Rs11.23.

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