KARACHI
The Pakistan Stock Exchange (PSX) remained bullish for the second day in a row on Friday, with the benchmark KSE-100 Index surging past the 45,000 points level to close at 45,152.11 points with 223.28 points gain.
The PSX opened on a negative note and touched the day’s lowest within initial minutes trading, as the global equities fell after their worst quarter since the early days of the pandemic. The local market switched between the red and green territories for the first hour trading and then remained in the green territory throughout the session. The positive rumours surrounding the political situation in the country boosted the investors’ confidence.
The Pakistani rupee plunged to a new low of 184.09 against the US dollar, while the crude oil prices inched down during the day. The KSE-100 Index moved in a range of 741.19 points, showing an intraday low of 44,654.95 points and a high of 45,396.14. Among other indices, the KSE All Share Index gained 67.26 points (+0.22 percent) to close at 30,855.54 points, while KMI All Share Islamic Index gained 39.64 points (+0.18 percent) to close at 22,268.43 points.
A total of 371 companies traded shares in the stock exchange, out of them shares of 182 closed up, shares of 157 closed down while shares of 32 companies remained unchanged.
Out of 95 traded companies in the KSE-100 Index, 51 closed up and 42 closed down and two remained unchanged.
The overall market volumes decreased by 26.52 million to 389.11 million shares. Total volumes traded for the KSE-100 Index increased by 10.86 million to 126.51 million shares. The number of total trades increased by 19,486 to 142,781, while the value traded increased by Rs1.42 billion to Rs11.10 billion.
Among scrips, TELE topped the volumes with 35.43 million shares, followed by TPLP (26.36 million) and TREET (24.86 million). Stocks that contributed significantly to the volumes included TELE, TPLP, TREET, PAELR3, and GGL, which formed over 33 percent of total volumes.
In terms of rupee, NESTLE remained the top gainer for the second straight day and witnessed an increase of Rs70.3 (+1.21 percent) per share, closing at Rs5,892.03. The runner-up was SAPT, the share price of which climbed up by Rs67.96 (+7.23 percent) to Rs1,008.52. BATA remained the top loser in terms of rupee and witnessed a decrease of Rs122.41 (-5.04 percent) per share, closing at Rs2,304.02, followed by COLG, the share price of which declined by Rs99.99 (-4.35 percent) to close at Rs2,200.01 per share. TLTP
