KARACHI: The Pakistan Stock Exchange witnessed fluctuation in early trading but remained above the 40,000 mark after gaining just 7.83 points to reach 40030.85 points level.
On Monday, the local equities maintained the uptrend with the start of new week as the benchmark KSE 100-share Index closed above 40,000 points, though turnover fell 21% compared to the previous session. At closing, the Pakistan Stock Exchange’s benchmark index recorded a rise of 0.24% or 96.32 points to end at 40,023.02. Trade volumes rose to 389 million shares compared with Friday’s tally of 362 million. Shares of 447 companies were traded. At the end of the day, 260 stocks closed higher, 166 declined while 21 remained unchanged. The value of shares traded during the day was Rs12.4 billion.
K-Electric was the volume leader with 49.7 million shares gaining Rs0.21 to finish at Rs9.09. It was followed by Byco Petroleum with 22.6 million shares, gaining Rs1.17 to close at Rs24.74 and Pace (Pakistan) Limited with 18.9 million shares, losing Rs0.01 to close at Rs7.16.
