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PSX gains 142 points

MM News Staff by MM News Staff
November 17, 2023

The benchmark KSE-100 index started the day on a positive note, reaching its intraday high of 56,873.99 (+350.41) in the morning.

It then faced strong resistance from the sellers, triggering a sharp sell-off that wiped out 755.82 points in just 10 minutes. The index plunged to 56,118.17 points, erasing its earlier gains.

Nonetheless, the bulls stepped in again to keep capitalizing on any downturns.

By the session’s end, KSE-100 managed to close slightly higher at 56,665.93 points, up by 0.25% or 142.35 points from the previous day’s close.

The total volume of the KSE-100 Index was 255.537 million shares.

Of the 100 index companies 37 closed up, 43 closed down, while 20 remained untraded.

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