PSX sees growth as KSE 100 index ends on positive note

KARACHI: Pakistan Stock Exchange (PSX) continued to have a volatile session for the second consecutive day on Wednesday and ended on a positive note.

The benchmark KSE 100 index crossed 109.35 points (0.25%) and closed at 43,360.19 points. This comes a day after the bourse crossed the 43,000 points level. The indices dipped in early morning trading and reached its lowest point of 43,183.77 points.

It reached the highest level on 43,556.06 points before settling down on a positive note before trading was suspended for the day. The total volume of share at the bourse was 243.474 million valued at Rs13.064 billion.

The lower bench KSE 100 index gained 60.92 (0.345) points to close at 18,101.62 points. The total volume of share traded at the bourse were 135.518 million. The KMI 30 index surged by 390.61 (0.56%) and closed at 70,715.19 points, while the All-Share Index gained 65.02 (0.21%) and closed at 30,378.97 points. The total volume of share traded at the stock were 433.004 million.

The market leader was TRG Pakistan (TRG 0.54%) which traded 29.137 million shares. This was followed by Pakistan Refinery Ltd (PRL -1.36%), Hascol Petroleum (-3.44%) and Byco Petroleum (-6.89%). The volume of script esd 28.201 million, 22.891 million, and 19.550 million shares respectively.

Yesterday, the PSX experienced a roller coaster ride as the KSE-100 index climbed in early hours and plunged in final hours, closing the session marginally down.

Trading kicked off on a positive note and a rally in initial hours helped the KSE-100 index gain close to 400 points. In the final hours, investors started to dump stocks which pulled the market down and wiped out all the gains. At close, the benchmark KSE-100 index recorded a decrease of 15.38 points, or 0.04%, to settle at 43,250.84 points.