PSX turns around as KSE-100 gains 1529 points

Pakistan Stocks Exchange (PSX) on Monday turned around and the Benchmark KSE-100 index gained 1529 points, closing at 114,330.10 against 112,800.93 points on Friday.

In the early hours of the first session of the trading week, the stocks plunged over 500 points, however later buying pressures helped it to recover the loss.

KSE-100 index recorded a positive change of 1.36%. in total 213,652,611 shares were traded during the day while the total value of the traded shares remained at Rs. 18.701 billion.

The highest points were 114,573.67 and the lowest were 111,857.33. As many as 437 companies participated in the trading, out of which 175 remained in green, 211 in red and 51 remained neutral.

As per market analysts, the arrival of the IMF mission to Pakistan for talks on a $1 billion loan to Pakistan as a climate fund helped the market to gain.

On Friday, the last trading session, the 100-Index witnessed a bearish trend, losing, 938.23 points, a negative change of 0.82 percent, closing at 112,800.93 points as compared to 113,739.16 points on the last trading day.