Friday Sep 30, 2022
KARACHI: The Pakistan Stock Exchange (PSX) on Friday rebounded and gained over 100 points on the last day of futures rollover week in the presence of positive triggers that provided direction to the market.
The benchmark KSE-100 index kicked off trading on a negative note, however, bulls soon took charge of the bourse, which then stayed in the green for the rest of the trading session.
A host of positive developments during the day managed to entice market players, who assumed fresh positions.
The benchmark KSE-100 index closed at 41,128.67 points with an increase of 114.81 points or 0.28%.
Arif Habib Limited in its post-market commentary noted the market remained under pressure all day long as investors participated left and right.
“The PSX remained sluggish during the opening half but got active in the second trading session,” the brokerage house stated.
It mentioned that investors maintained a strategic distance due to political and economic instability, however, due to rollover week, hefty volumes were witnessed in the future contracts that led the index close in the green.
Shares of 324 companies were traded during the session. At the close of trading, 145 scrips closed in the green, 154 in the red, and 25 remained unchanged.
Overall trading volumes rose to 205.69 million shares compared with Thursday's tally of 127.44 million. The value of shares traded during the day was Rs9.49 billion.
TRG Pakistan was the volume leader with 30.19 million shares traded, gaining Rs5.94 to close at Rs128.86. It was followed by TPL Properties with 18.65 million shares traded, losing Rs0.02 to close at Rs20.84 and K-Electric with 15.65 million shares losing Rs0.02 to close at Rs2.98.