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KARACHI: The Pakistan Stock Exchange (PSX) endured a volatile session on the first day of the trading week, with the indices swaying in both directions before landing in the green.
The benchmark KSE-100 Index remained in the green throughout the day, touching its intraday high at 46,189.02 after gaining 320.98 points. It settled higher by 219.60 points at 46,087.64. Among other indices, the KMI-30 Index appreciated 196.22 points to close at 73,046.41, while the KSE All Share Index added 109.54 points, ending at 31,950.46.
The overall market volumes increased from 430.53 million shares on Friday to 470.02 million shares (+9pc). Average traded value also increased 33pc, from $98.4 million to $130.9 million. Sectors that painted the benchmark index green included technology & communication (+96.31 points), cement (+48.54 points) and pharmaceuticals (+44.55 points).
Adding 2.01pc to its cumulative market capitalization, the pharmaceutical sector emerged as the session’s top performer, with The Searle Company Ltd (SEARL 3.10pc), Abbot Laboratories (Pakistan) Ltd (ABOT +3.09pc) and Highnoon Laboratories Ltd (HINOON 1.52pc) posting decent gains.