PSX: KSE-100 gains 89.52 points on first day of fiscal year

KARACHI: The Pakistan Stock Exchange (PSX) remained in green on Friday as the benchmark KSE-100 index was slightly up on the first day of the new fiscal year.

Investors refrained from taking fresh positions on the last day of the week.

At close, the benchmark KSE-100 index closed at 41,630.35 points with a gain of 89.52 points or 0.22%.

A report from Topline Securities noted that lacklustre activity was observed at PSX as the index traded sideways with low volume throughout the day.

The brokerage house noted that inflation based on the consumer price index for the month of June clocked in at a 14-year high of 21.3% year-on-year.

Shares of 322 companies were traded during the session. At the close of trading, 167 scrips closed in the green, 137 in the red, and 18 remained unchanged.

Overall trading volumes dropped to 154.03 million shares compared with Thursday’s tally of 192.89 million. The value of shares traded during the day was Rs4.03 billion.

Agritech Limited was the volume leader with 19.75 million shares traded, losing Rs0.11 to close at Rs0.11. It was followed by Azgard Nine with 9.11 million shares traded, gaining Rs0.52 to close at Rs10.80, and G3 Technologies with 8.7 million shares traded, gaining Rs0.20 to close at Rs8.66. 

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