PSX ends on positive note as KSE 100 index gains 102 points

KARACHI: The Pakistan Stock Exchange (PSX) ended a lacklustre trading session on Wednesday but managed to end the day on a positive note as indices moved in both directions until finally settling in the green.

The benchmark KSE 100 index gained 102.25 points (0.24%) in intra-day trading and ended on 42,204.03 points.  The bourse reached its highest point of 42,350.23 points after a dismal trading session. The total volume of shares traded at the bourse was 244.324 million valued at Rs12.188 billion.

The lower bench KSE 30 index gained 57.95 points (0.33%) and closed at 17,691.26 points. The total volume of shares were 152.890 million. The KMI 30 index gained 343.29 (0.51%) and closed at 68,299.88 points, while All-Share Index gained 98.41 (0.33%) to close at 29,575.17 points.

Total market volumes improved from 409.72 million shares in the last session to 438.13 million shares. The highest number of shares traded at the bourse belonged to TRG Pakistan (TRG 3.91%) which traded 33.734 million shares.

This was followed by Lotte Chemical Pakistan Ltd (LOTCHEM 7.10%), Unity Foods Ltd (UNITY 2.27%), Hascol Petroleum (HASCOL 0.47%). The total volume of scripts traded were 27.19 million, 26.151 million, and 24.655 million, respectively.

The sectors driving the KSE 100 index north included Oil and Gas Exploration sector (44.41 pts), Technology and Communication sector (19.59 pts), and Banking sector (13.17 pts). TRG Pakistan Limited (TRG 30.19 pts), Oil and Gas Development Company Limited (OGDC 24.03 pts) and Habib Bank Limited (HBL 13.41 pts) were top points contributors.

The Oil and Gas Exploration sector gained 1.18% in its cumulative market capitalization. Pak Petroleum Limited (PPL 0.88%), Mari Petroleum Company Limited (MARI 0.09%), Pakistan Oilfields Limited (POL 0.64%) and Oil and Gas Development Company Limited (OGDC 1.63%) all closed positive.