KARACHI: The Pakistan Stock Exchange (PSX) witnessed a healthy trend as Karachi Stock Exchange (KSE 100 index) gained 603.50 points to close at 33,636.82 points.
KSE 100 Index witnessed the highest trade at 33,850.96 and the lowest at 32,947.96 before settling at 33.636.82 gaining 603.50 points (1.79 percent). The KMI-30 index surged by 1,054.32 points to settle at 53,859.95, while the KSE All Share Index ended at 24,248.22 after accumulating 275.75 points.
The overall volumes were recorded at 392.16 million, the highest in one year. The Bank of Punjab (BOP +7.68 percent), Unity Foods Limited (UNITY +2.72pct) and K-Electric Limited (KEL +1.48pct) remained the volume leaders. The scripts had traded 39.95 million shares, 24.71 million shares and 16.88 million shares respectively.
The sectors that helped paint the index green included banking (+198.36 points), oil and gas exploration (+102.88 points) and cement (+67.06 points).
The cement sector gained 2.85 percent in its cumulative market capitalization. DG Khan Cement Company Limited (DGKC +4.39pc), Lucky Cement Limited (LUCK +3.56pc), Cherat Cement Company Limited (CHCC +5.00pc) closed the session with decent gains.
The stock rallied on the first trading session of the week as indices continued to accumulate gains amid increased market participation. This jump came despite the impending decision on Pakistan’s status in the grey list by the Financial Action Task Force (FATF). They are also high hopes attached to the visit of Prime Minister Imran Khan to China.
KSE 100 Index
Current Index 33,636.82
Change 603.50
Percent Change 1.79%
High 3,850.96
Low 32,947.22
