Follow Us on Google News
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a tumultuous session on Thursday as the KSE-100 Index managed to close with a pitiful gain of 0.11 percent despite a selling period that erased the majority of the gains.
The benchmark KSE-100 index showed no major change as index is slightly increased by 45.69 points (0.11% DoD) to settled at 40,803.80, as compared to yesterday closing of 40,758.20 level.
On the economic side, the United Arab Emirates (UAE) government approved funding of $1 billion and rolled over $2bn for Pakistan.
Furthermore, Secretary Planning Commission Zafar Ali Shah said during an interview with media official that Pakistan will start receiving funds from World Bank, AIB, Asian Development Bank from next month.
During the market hours, index made an intraday high of 41,219.67 and an intraday low of 40,668.95 during the day.
Also read: IMF demands Rs7.50 per unit raise in power tariff
By the session’s end, the total volumes of the KSE-100 index stood at 83.92mn shares, decreased by 23.57% DoD from 109.8 shares traded on Wednesday.
Out of 100, shares of 92 companies were traded on Thursday, of which 44 registered an increase, 44 recorded a fall, and four remained unchanged.
In terms of sectors, most of the positive contributions came from miscellaneous, cement, chemical, investment bank, and automobile assembler which cumulatively added 163.44 points to the index tally by the day’s end.
Meanwhile, the volume leaders on the benchmark index were PPL (8.13mn), MLCF (8.05mn), OGDC (5.55mn), CNERGY (4.42mn), and LOTCHEM (4.31mn).
The scrips which gained the most during the session included: NESTLE (4.46%), PSEL (7.35%), MTL (2.29%), RMPL (0.12%), and PKGS (2.69%). On the other hand, the stocks that emerged as net losers during the day included SRVI (4.03%), ABOT (2.84%), MARI (0.76%), HINOON (2.05%), and INDU (0.82%).
