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Home Uncategorized

PSX bounces back as KSE-100 index gains 463 points

MM News Staff by MM News Staff
September 29, 2020
Reading Time: 1 min read

KARACHI: The Pakistan Stock Exchange (PSX) recovered today (Tuesday), with the benchmark KSE-100 index gaining 463.41 points to climb back over the 41,000-mark.

The benchmark KSE-100 Index saw volatile activity for most part of the day, registering its intraday low at 40,389.80 (-351.15 points) and intraday high at 41,445.47 (+704.52 points). It settled higher by 463.41 points at 41,204.36 points.

Among other indices, the KMI-30 Index accumulated 726.82 points to end at 65,884.01, while the KSE All Share Index added 281.61 points, closing at 29,295.24.

The overall market volumes declined from 407.19 million shares in the previous session to 353.65 million (-13pc). Average traded value also declined by 3pc, from $86.1 million to $83.2 million.

Hascol Petroleum Ltd (HASCOL +5.85pc), Unity Foods Ltd (UNITY +1.10pc) and K-Electric Ltd (KEL +0.48pc) led the volume chart, exchanging 50.22 million 22.63 million and 21.17 million shares, respectively.

Sectors that painted the benchmark index green included banking (+136.94 points), oil & gas exploration (+61.37 points) and oil & gas marketing (+47.18 points).

On the other hand, global equity markets showed a mixed pattern, whereas crude oil prices slipped lower from the previous close; WTI crude price declining 0.59pc to $40.36 while Brent crude price falling 0.56pc to $42.63.

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Tags: bounces backKarachiPakistan Stock ExchangePSX
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