KARACHI: Stocks at Pakistan Stock Exchange (PSX) made a swift march upwards today (Monday) with the KSE-100 index pushing its way above the 43,000-point mark with a gain of nearly 800 points.
Investors cheered the news of the currency swap arrangement with China, which will keep SBP’s foreign exchange reserves afloat and lower inflation expectation further boosted investor sentiment at the bourse.
At close, the benchmark KSE-100 index recorded an increase of 795.82 points, or 1.87 percent, to settle at 43,266.22 points. Among other indices, the KMI-30 Index gained 1622.99 points while the KSE All Share Index added 483.72 points.
In all, 629.33 million shares were traded at the exchange today. Of the 387 scrips traded, 281 advanced, 88 declined, and 18 remained unchanged. The overall traded value was recorded at Rs. 16.48 billion.
Buoyed by strong sentiment, automobile, fertiliser, refinery and exploration and production sectors remained entirely in the green. Apart from these, all other index-heavy sectors also closed in the positive zone.
Major positive contributors today were namely FFC, LUCK, OGDC, PPL, and ENGRO, who cumulatively added 244 points to the benchmark KSE-100 index.
