KARACHI: The Pakistan Stock Exchange (PSX) today (Friday) continued with the positive momentum, recording gains for the third consecutive session amid improved market sentiments.
The benchmark KSE-100 Index remained in the green throughout the day, registering its intraday at 42,628.01 after accumulating 322.17 points. It settled higher by 164.54 points at 42,470.39.
Among other indices, the KMI-30 Index gained 748 points while the KSE All Share Index added 133.64 points. The session recorded 205 advancers and 150 decliners.
The overall market volumes surged to 557 million shares. The average traded value also increased 21 percent to Rs23.88 billion. The benchmark index contributed 54 percent to the total volume and 70 percent to the traded value.
The highest number of shares were exchanged in commercial banks and oil & gas exploration sector. Among the companies, Pakistan Refinary Ltd (PRL +7.02pc) led the volume chart, followed by Azgard Nine Ltd (ANL +7.49pc) and Unity Foods Ltd (UNITY -0.63pc).
Contributing 119.34 points to the benchmark index, the oil & gas exploration sector ended as the session’s top performer, with Oil & Gas Development Company Ltd adding 44.45 points, Pakistan Petroleum Ltd 27.48 points, Pakistan Oilfields Ltd 24.54 points and Mari Petroleum Company Ltd 23.59 points.
According to data released by the State Bank of Pakistan, workers’ remittances remained above $2-billion mark for the 6th consecutive month, recoding a 28pc year-on-year growth in November 2020.
