The Pakistan Stock Exchange (PSX) saw a return of investor confidence amid positive news on the International Monetary Fund (IMF) front and an appreciating rupee, as the KSE-100 Index gained 614 points on the final trading day of the week.
Both volume and value of shares traded improved from the last session.
Trading began on a positive note and the index remained in the green zone throughout the day, as the KSE-100 inched to 42,873.57, up by 630 points.
At close, the KSE-100 index settled at 42,857.57, with a gain of 614.24 points or 1.45%. On a weekly basis, the benchmark index gained 1.81%.
A report from Capital Stake stated that indices accumulated gains throughout the session. “The rupee’s strong recovery and expected inflows boosted investor confidence,” it said.
Sectors dragging the benchmark index higher included banking (148.99 points), oil & gas exploration (114.94 points) and automobile assembler (46.20 points).
Volume on the all-share index increased to 373.85 million from 281.73 million on Thursday. Similarly, the value of shares traded inched up to Rs10.6 billion from Rs7.8 billion recorded in the previous session.
Cnergyico PK was the volume leader with 49.76 million shares, followed by WorldCall Telecom with 28.36 million shares, and Pak Refinery with 27 million shares.
Shares of 357 companies were traded on Friday, of which 261 registered an increase, 81 recorded a fall, and 15 remained unchanged.
