KARACHI: The Pakistan Stock Exchange Tuesday ended bullish over institutional interest as the benchmark KSE 100-share Index ended with an increase of 175.28 points or 0.40% to settle at 43,690.36.
The day began on a positive note with the index shooting up over 360 points in intra-day trading before profit-taking and selling pressure erased the gains.
Overall, trading volumes fell to 204 million shares compared with Monday’s tally of 215 million.
Shares of 354 companies were traded. At the end of the day, 157 stocks closed higher, 183 declined while 14 remained unchanged. The value of shares traded during the day was Rs7.6 billion.
Azgard Nine was the volume leader with 13.9 million shares, gaining Rs1.00 to close at Rs18.88. It was followed by Engro Polymer with 13.5 million shares, gaining Rs0.82 to close at Rs28.43 and TRG Pak Ltd with 11.5 million shares, losing Rs0.38 to close at Rs38.75.
Foreign institutional investors were net sellers of Rs769 million during the trading session, according to data compiled by the National Clearing Company of Pakistan.
Yesterday, the equities closed negative with benchmark KSE 100-index settling at 43,515 points, down by 293 point or 0.7 percent. The bourse kicked off positive in the first half, making a high of +91 points only and later came under the hammer, making a low of -347 points.
Traded volumes plunged by 5 percent DoD to 215m shares while value traded dropped to $72m. Top volume stocks were ANL (+5.30 percent), TRG (+2.14 percent), ASL (-1.24 percent) and KEL (-0.45 percent).
