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Home Uncategorized

PSX surges as KSE-100 index gains 176 points

MM News Staff by MM News Staff
October 19, 2020
Reading Time: 1 min read
psx today

psx today

KARACHI: The Pakistan Stock Exchange (PSX) today (Monday) witnessed a profitable session as the KSE-100 index closed at 40,340.17 after gaining 176.15 points.

With the addition of 327.11 points, the KSE 100 index recorded an intraday high of 40,491.13 during initial hours of trading. It then fell lower by 86.12 pts to the day’s low of 40,077.90. It settled higher by 176.15 pts at 40,340.17.

The KMI 30 index appreciated by 551.71 points closing at 64,315.00. While the KSE All Share Index appreciated by 96.00 points settling at 28,567.79.

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Overall market volumes surged from 254.12 million shares on Friday to 319.46 million shares. Unity Foods Limited (UNITY +7.45%), Pakistan International Bulk Terminal Limited (PIBTL +6.26%) and Fauji Foods Limited (FFL +6.58%) were top picks of the day.

The scrips had 53.66 million shares, 36.64 million shares and 26.74 million shares traded, respectively.

Sectors dragging the KSE 100 index north included the Fertilizer sector (87.31 pts), Oil and Gas Exploration sector (28.91 pts) and Oil and Gas Marketing sector (19.36 pts).

Company-wise, Engro Corporation Limited (ENGRO 61.94 pts), Engro Fertilizer Limited (EFERT 22.81 pts) and Mari Petroleum Company Limited (MARI 19.91 pts) contributed most points to the index.

The Fertilizer sector gained 1.82% in its total market capitalization. Fauji Fertilizer Bin Qasim Limited (FFBL 2.14%), Arif Habib Corporation Limited (AHCL 7.48%) and Engro Fertilizer Limited (EFERT 2.73%) all ended positively.

Tags: as KSE-100 index gainsMM News MM TVPSX surges
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