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PSX ends rough trading day with slight gains

KSE-100 finished with a gain of 72.17 points or 0.15%

KARACHI: The Pakistan Stock Exchange (PSX) witnessed another range-bound session on Monday as the benchmark index advanced just 72 points amid a lack of positive triggers.

The benchmark KSE-100 Index oscillated both ways on Monday, recording its intraday high at 47, 368.65 and low at 47,168.76. At close, the KSE-100 finished with a gain of 72.17 points or 0.15% to settle at 47,270.46.

Sectors contributing to the performance included banks (+85 points), exploration and production (+21 points), power (+20 points), pharma (+16 points), technology (-44 points) and cement (-17 points).

Individually, stocks that contributed positively to the index included UBL (+66 points), HBL (+33 points), AGP (+20 points), Colgate-Palmolive (+18 points) and Hubco (+18 points).

Stocks that contributed negatively were TRG Pakistan (-36 points), Meezan Bank (-35 points), Bank AlHabib (-14 points), Pioneer Cement (-8 points) and Maple Leaf Cement (-8 points).

Volume on the all-share index decreased from 427.45 million on Friday to 395.84 million on Monday. The value of shares traded during the session also recorded a decline, amounting to Rs16.19 billion from Rs18.18 billion.

Byco Petroleum was the volume leader with 44.96 million shares, followed by Service Fabrics with 42.15 million shares, and TPL Properties at 41.07 million shares. Shares of 519 companies were traded on Monday, of which 209 registered an increase, 290 recorded a fall, while 20 remained unchanged.