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KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday witnessed another bullish trend as KSE 100 Index closed at 41,535.92 points with a positive change.
The market continued with the recent positive trend, with the index adding over 1,400 points during the first three sessions of the week.
In line with the recent trend, the benchmark KSE-100 Index remained in the green throughout the day, registering its intraday high at 41,613.05 after accumulating 656.47 points. It closed higher by 579.34 points at 41,535.92.
Among other indices, the KMI-30 Index gained 702.52 points to end the day at 66,430.21, while the KSE All Share Index added 363.34 points, settling at 29,293.34.
The overall market volumes surged from 492.67 million shares in the previous session to 661.19 million shares (+34pc).
The average traded value also increased by 33pc, from $101.1 million to $134.9 million. Unity Foods Ltd (UNITY +7.47pc), Pakistan International Bulk Terminal Ltd (PIBTL +5.44pc) and Hascol Petroleum Ltd (HASCOL -0.30pc) topped the volume chart, exchanging 64.43 million, 63.92 million and 47.24 million shares, respectively.
Sectors that kept the benchmark index in green included banking (+185.12 points), fertilizer (+116.06 points) and technology & communication (+53.41 points).
Among the companies, Bank AL Habib Ltd (BAHL +76.72 points), Engro Corporation Ltd (ENGRO +45.85 points) and Engro Fertilizer Ltd (EFERT +42.59 points) remained the top contributors.
Adding 4.81pc to its cumulative market capitalization, the technology & communication sector ended as the session’s top performer, with Pakistan Telecommunication Company Ltd (PTC +4.47pc), TRG Pakistan Ltd (TRG +4.28pc) and Systems Ltd (SYS +5.50pc) posting significant gains.
On the financial side, Attock Cement (Pakistan) Ltd (ACPL -3.88pc) announced earnings per share of Rs0.87 for the first quarter of FY21 (Rs2.60 in 1QFY20), Engro Fertilizer Limited (EFERT +4.93pc) declared an EPS of Rs4.97 for 3QFY20 (Rs3.53 in 3QFY19), whereas Allied Bank Ltd (ABL +2.40pc) reported an EPS of Rs3.49 for 3QFY20 (Rs2.90 last year).