KARACHI: The Pakistan Stock Exchange (PSX) added another 770 points to close at 43,557 points.
The index opened higher and continued on an upward trend throughout the session as positive news of the rupee gaining ground against US dollar came in.
Volumes grew to 377.9 million shares in the day as traded value touched Rs15bn. Of the 373 scrips traded, 262 advanced, 99 declined and 12 remained unchanged. Technology and communication sector dominated trading with 54.4m shares traded.
Stocks trended upwards and sustained gains throughout the day with cements (+4.9%), steels (+4.7%), OMCs (+2.5%) and select financials (+0.9%) leading the gains. DG Khan Cement (DGKC PA +5%) closed at its upper circuit after announcing the start of commercials operations of its recently commissioned cement plant in Hub. On results front, Honda Atlas Car (HCAR PA +0.84%) announced its first quarter result.
WorldCall Telecom was the volume leader with 35.1 million shares, gaining Rs0.15 to close at Rs2.11. It was followed by Pak International Bulk Terminal with 19.6 million shares, gaining Rs0.98 to close at Rs13.06 and PIAC (A) with 18.9 million shares, gaining Rs0.08 to close at Rs7.07.
Foreign institutional investors were net sellers of Rs365.6 million worth of shares during the trading session, according to data compiled by the National Clearing Company of Pakistan.
