PSX starts trading week on positive note

KARACHI: The Pakistan Stock Exchange (PSX) today (Monday) started the new trading week on a positive note as the KSE-100 Index ended the session at 42,295.75 with a gain of 272.75 points.

The benchmark KSE 100 index flew to an intraday high of 42,400.25 gaining 377.25 pts. It settled with the addition of 272.75 pts at 42,295.75. Gaining 514.29 pts the KMI 30 index ended at 68,036.57, while the KSE All Shae index gathered 213.92 pts closing at 29,962.82.

Volumes continued to remain above 700 million. Overall market volumes were recorded at 748.89 million shares. The share prices of 228 companies were up and of 127 down with no change recorded in the value of 24.

Sectors painting the KSE 100 index in Green included Cement sector (57.63 pts), Fertilizer sector (54.70 pts) and Technology and Communication sector (35.92 pts).

Company-wise, Lucky Cement Limited (LUCK 40.84 pts), Systems Limited (SYS 33.18 pts), and Fauji Fertilizer Company Limited (FFC 28.05 pts) were top points contributors.

After these latest gains on Monday, the KSE-100 Index has so far surged by 1,349.93 points in the current month. 

The share market has managed to successfully cut the losses suffered earlier in March when the index was down by over 11,000 points. The next three months saw some progress but there was nothing significant.

However, the market regained confidence and started moving in the right direction in July and August.

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