KARACHI: Pakistan Stock Exchange (PSX) on Thursday managed to recover losses from trading during the week and ended the day on a positive note.
The benchmark KSE-100 index started on a negative note due to increase in international oil prices but soon managed control and moved towards an upward trend before trading was suspended. The bourse eventually closed at 43,522.55 points after gaining 318.76 points (0.74%). The total volume of shares were 64.533 million valued at Rs4.130 billion.
Of the 93 traded companies in the KSE100 Index, 61 closed up 27 closed down, while 5 remained unchanged. Sectors propping up the index were Cement with 74 points, Technology & Communication with 53 points, Commercial Banks with 36 points, Fertilizer with 34 points and Oil & Gas Exploration Companies with 32 points.
The lower bench KSE-30 index also gained 150.52 points (0.91%) and closed at 16,622.12 points. The total volume of shares was 45.346 million. The KMI 30 index increased by 619.10 points (0.89%) and closed at 70,063.35 points, while the All Share Index gained 184.61 points (0.62%) and closed at 29,813.62 points. The total volume of share traded were 149.709 million at the stock market.
The highest number of shares traded belonged to Treet Corporation Ltd (TREET 2.76%) which traded 20.763 million shares. This was followed by TRG Pakistan (TRG 5.50%), Telecard Ltd (2.87) and Pak Elektron (PAELR3). The number of scrips traded were 10.204 million, 9.403 million, and 8.020 million, respectively.
Total companies traded were 334 compared to 320 from the previous session. Of the scrips traded 178 closed up, 132 closed down while 24 remained unchanged. The stock market opened on a positive note after a public holiday and reacted to the improved political situation.
