PSX surges as KSE 100 index gains 428 points

KARACHI: The Pakistan Stock Exchange (PSX) surged on the first day of the week on Monday as the KSE 100 index gained over 428 points in intra-day trading.

The benchmark surged 158.03 points as trading resumed and continued on an upward trajectory throughout the day. The indices reached its highest point of 36,722.13 points before trading was suspended.

The bourse eventually settled with a gain of 428.17 points (1.18%) and closed at 36,618.57 points. The total volume of shares increased to 324.278 million valued at Rs15.4 billion.

The lower KSE 30 index gained 207.34 points and closed at 15,901.05 points. The total volume of scripts were 215.088 million. The KMI 30 index surged by 1,272.31 points and closed at 58,926.68, while the All-Share Index gained 247.29 points and ended at 26,089.11 points.

The biggest share traders was Maple Leaf Cement Factory (MLCF 5.12%) which traded a whopping 76.450 million shares. This was followed by Pak Elektron (PAEL 4.31%), TRG Pakistan (TRG 4.18%) and Hascol Petroleum (HASCOL -1.17%) which traded 21.922 million, 21.220 million, and 17.904 million, respectively.

The largest contributor to the KSE 100 index was the cement sector which contributed 149.32 points, while mutual funds sectors saw the largest change in market capitalization (5.08%).