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KARACHI: The Pakistan Stock Exchange (PSX) today (Thursday) maintained its bullish trend, as equities rallied all day long to help the index post significant gains.
The benchmark KSE-100 Index remained in the green throughout the day, registering intraday high at 43,793.22 (+433.03 points). It settled higher by 406.50 points at 43,766.69.
Among other indices, the KMI-30 Index accumulated 1,032.48 points to end at 71,747.61, while the KSE All Share Index added 295.67 points, closing at 30,674.64. Sectors that painted the benchmark index green included banking (+91.19 points), oil & gas exploration (+64.80 points) and fertilizer (+61.01 points).
The overall market volumes increased from 433.00 million shares in the previous session to 497.50 million shares (+15 percent). The average traded value also rose by 5 percent, from $133.5 million to $140.8 million.
Adding 3.99pc to its cumulative market capitalization, the refinery sector ended as the session’s top performer, with Attock Refinery Ltd (ATRL +7.43pc), and Pakistan Refinery Ltd (PRL +7.38pc) accumulating decent gains.
Global equity markets also showed a positive trend, whereas crude oil prices inched further up from the previous close; WTI crude price rising 0.42pc to $48.03 while Brent crude price appreciating 0.33pc to $51.25 (at 3:49pm PST).