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Pakistan Stock Exchange falls flat after volatile session

MM News Staff by MM News Staff
December 28, 2021
At close, the index settled with a gain of 91.94 points or 0.21%

At close, the index settled with a gain of 91.94 points or 0.21%

KARACHI: The Pakistan Stock Exchange (PSX) closed in the green after a volatile session on Thursday, with the benchmark KSE-100 index closing up 91 points.

The index peaked at 44,446.99 points and touched a low of 44,108.69. At close, the index settled with a gain of 91.94 points or 0.21% at 44,266.91.

Among other indices, the KMI-30 Index gained 39.84 points to end at 71,261.31, while the KSE All Share Index added 29.22 points, closing at 30,296.57.

On the economic front, the Ministry of Finance said on Thursday that the sixth review of the Extended Fund Facility (EFF) would be presented to the International Monetary Fund (IMF) board on January 12.

Meanwhile, sectors pulling the benchmark KSE-100 index higher included technology and communication (76.86 points), banking (12.60 points) and cement (12.09 points). Shares of 357 companies were traded on Thursday, of which 199 registered an increase, 135 recorded a fall, and 23 remained unchanged.

Volume increased, clocking in at 240.43 million on the all-shares index, up from 151.79 million on Wednesday. The value of shares traded jumped to Rs8.02 billion, up from Rs6.6 billion.

Hum Network Limited was the volume leader with 48.72 million shares, followed by TRG Pakistan Limited with 19.93 million shares, and Unity Foods Limited with 17.71 million shares.

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