PSX ends volatile session on positive note

KARACHI: The Pakistan Stock Exchange (PSX) today (Wednesday) has continued its recovery, with the indices remained in the green throughout the day.

The benchmark KSE-100 Index followed a volatile trajectory today, recording its intraday high at 41,330.49 (+177.44 points) and low at 40,900.03 (-253.02 points). It ended higher by 44.27 points at 41,197.32.

Among other indices, the KMI-30 Index gained 168.56 points to close at 66,104.49, while the KSE All Share Index settled flat (+2.70 points) at 28,864.16.

The overall market volumes contracted from 355.98 million shares in the previous session to 244.23 million shares (-31pc). The average traded value also declined by 43pc, from $95.5 million to $54.6 million.

 BankIslami Pakistan Ltd (BIPL +8.78pc), TRG Pakistan Ltd (TRG +2.59pc) and K-Electric Ltd (KEL -3.25pc) led the volume chart, exchanging 31.52 million, 25.04 million and 16.32 million shares, respectively.

Sectors that kept the benchmark index in green included oil & gas exploration (+145.40 points), banking (+37.03 points) and technology & communication (+24.76 points).

Among the companies, Oil and Gas Development Company Limited (OGDC +64.54 points), Pak Petroleum Ltd (PPL +41.4 points) and Habib Bank Ltd (HBL +39.75 points) remained the top contributors.

Adding 3.05pc to its cumulative market capitalization, the oil & gas exploration sector ended as the session’s top performer, with Mari Petroleum Company Ltd (MARI +1.57pc), OGDC (+3.84pc), Pakistan Oilfields Ltd (POL +2.35pc) and PPL (+2.77pc) posting decent gains.

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