PSX ends week on positive note with minor gains

By
Business Desk
|
A investor can be seen speaking on phone in front of the digital board at the Pakistan Stock Exchange. — Reuters/File
A investor can be seen speaking on phone in front of the digital board at the Pakistan Stock Exchange. — Reuters/File

  • KSE-100 index gains 46.72 points to settle at 45,909.65.
  • Encouraging financial results encouraged investors during the session.
  • Shares of 360 companies were traded during the session.


KARACHI: The Pakistan Stock Exchange (PSX) on Friday had a topsy-turvy trading session but ended the week on a positive note with minor gains, a day after a bearish run sent the market below the 46,000 points level.

Encouraging financial results encouraged the investors to pour money in select sectors that aided the rally.

Moreover, continuous appreciation in rupee against the US dollar and positive economic cues further lent support to the bulls during the session.

At the close, the benchmark KSE-100 index gained 46.72 points, or 0.10%, to settle at 45,909.65 points.

Benchmark KSE-100 index intra-day trading curve. — PSX data portal
Benchmark KSE-100 index intra-day trading curve. — PSX data portal

Shares of 360 companies were traded during the session. At the close of trading, 158 scrips closed in the green, 178 in the red, and 24 remained unchanged.

Overall trading volumes plunged to 192.47 million shares compared with Thursday’s tally of 328 million. The value of shares traded during the day was Rs8.89 billion.

WorldCall Telecom Limited was the volume leader with 12.79 million shares traded, losing Rs0.04 to close at Rs2.29. It was followed by Telecard Limited with 9.68 million shares traded, gaining Rs0.26 to close at Rs17.71, and Ghani Global Holdings with 8.03 million shares traded, gaining Rs0.14 to close at Rs22.38.