KARACHI: The Pakistan Stock Exchange (PSX) benchmark KSE 100-index opened on positive note and added 355 points to reach 40027 points level in early trading on Thursday.
Yesterday, the stocks, after a seesaw, landed back into the green zone, closing up 39 points at 39,673 points. Positive sentiment in the market was observed as the PM showed interest towards local furnace oil in ECC meeting, along with anticipated OPEC meeting leading to buying interest in OGDC and lastly local buyers showing interest in ENGRO
.Top index point contributors were ENGRO (up 4.2%), OGDC (1.6%), TRG (4.7%), PMPK (5%) & KEL (2.6%), adding 129 points, while UBL (down 1.8%), HUBC (1.9%), HBL (0.8%), POL (0.9%) & MCB (0.9%) held back 100 points from the index.
On the sector front, fertilizer contributed 73 points, technology added 18 points, tobacco 15 points, E&Ps 10 points, textile 8 points, while banks eroded 50 points, power 23 points and insurance 8 points. TRG, KEL, ANL, FCCL and EFERT were the volume leaders, contributing 46% to the total volume.
Average current volumes witnessed an increase of 1.7% to 115m shares. Likewise, average traded value also increased by 23% to $62m. Scrips of total 346 active companies traded in the session of which 185 closed in advance, 141 in decline while 20 remained unchanged.
