KARACHI: The Pakistan Stock Exchange (PSX) remained bullish at closing on Thursday as the benchmark KSE-100 index gained 457 points, around one per cent, to close at 46,561.
The index opened higher but touched a day’s low of 46,085 points before climbing to a high of 46,657 towards the session’s close.
In all, 233.4 million shares worth Rs12.7 billion were traded at the exchange, with 175 of the 361 traded symbols advancing, 162 declining and 24 closing unchanged.
The Pakistan Stock Exchange (PSX) remained bullish on Thursday, with the benchmark KSE-100 index gaining 457 points, around one per cent, to close at 46,561.
The index opened higher but touched a day’s low of 46,085 points before climbing to a high of 46,657 towards the session’s close.
The stocks gained 294 points to reach 46397 level in early trading. The Pakistan Stock Exchange remained bullish till midday as the benchmark 100-index added 208 points to take the tally to 46311 level.
Yesterday, the PSX benchmark index closed at 46,104, gaining 90 points. Fertilizer stocks, Fauji Fertilizer (FFC) and Engro Fertilizer (EFERT), gained 1.3 percent and 1 percent respectively, as urea sales during 1Q2018 is likely to post 46 percent YoY growth to 1.26mn tons.
Market started off with trading sideways, but soon gained its momentum making an intraday high of +434 to finally close the index at 46,104 levels.
Interest came in Financials where major banks such as MCB (+0.32 percent), HBL (+0.84 percent), UBL (+1.30 percent) NBP (+4.80 percent) closed positive as the Pakistan Banks Association (PBA) has proposed that banks should be paid 2 percent collection charges for performing WHT agent.
Traded volumes slightly plunged by 4 percent to 270m shares, while value traded increased to $119m. Top volume stocks in today’s session were EPCL (-0.38 percent), LOTCHEM (-0.80 percent), KEL (+0.43 percent) and BOP (+0.63 percent).
