KARACHI
\nThe Pakistan Stock Exchange (PSX) rallied for the second day in a row, with the benchmark KSE-100 Index gaining 299.82 points (+0.66 percent) to close at 45,674.50 points on Tuesday.
\nThe market opened on a positive note and maintained its positive trend throughout the session. The expectation of revival of the International Monetary Fund (IMF) programme for the $6 billion extended fund facility (EFF) kept the investors\u2019 confidence high. The IMF will discuss Pakistan\u2019s case on Wednesday (February 2) and the programme revival seems imminent, as the government has met all key conditions.
\nMoreover, the news about the Federal Board of Revenue\u2019s collection of Rs3,352 billion revenue during the first seven months of the financial year 2021-22, exceeding the target of Rs3,090 billion by Rs262 billion, also provided a positive trigger.
\nThe KSE-100 Index moved in a range of 384.71 points, showing an intraday high of 45,754.17 points and a low of 45,374.68 points, which was the last session\u2019s closing point. Among other indices, the KSE All Share Index gained 213.99 points (+0.69 percent) to close at 31,221.63 points, while KMI All Share Islamic Index gained 155.87 points (+0.7 percent) to close at 22,519.36 points.
\nA total of 383 companies traded shares in the stock exchange, out of them shares of 220 closed up, shares of 132 closed down while shares of 31 companies remained unchanged. Out of 97 traded companies in the KSE-100 Index, 71 closed up, 22 closed down and four remained unchanged.
\nThe overall market volumes increased by 60.82 million to 312.50 million shares. Total volumes traded for the KSE-100 Index increased by 17.48 million to 115.43 million shares. The number of total trades increased by 17,780 to 129,873, while the value traded value increased by Rs0.92 billion to Rs9.49 billion. Overall, market capitalisation increased by Rs53.52 billion.
\nAmong scrips, GGL topped the volumes with 25.5 million shares, followed by WTL (24.88 million) and TREET (19.53 million). Stocks that contributed significantly to the volumes included GGL, WTL, TREET, HUMNL and UNITY, which formed over 33 percent of total volumes.
\nIn terms of rupee, NESTLE remained the top gainer and witnessed an increase of Rs108.33 per share, closing at Rs5,708.33 whereas the runner-up was PSEL, the share price of which climbed up by Rs107.9 to Rs1,757.9. BATA remained the top loser in terms of rupee and witnessed a decrease of Rs146.44 per share, closing at Rs2,001.56, followed by MEHT, the share price of which declined by Rs40.5 to close at Rs687.5 per share.
\nThe sectors taking the index towards north were oil & gas exploration companies with 63 points, commercial banks (61 points), fertilizer (58 points), miscellaneous (57 points) and cement (30 points). The most points added to the index were by PSEL which contributed 55 points followed by FFC (28 points), MARI (19 points), MCB (18 points) and FCCL (18 points).
\nThe sectors taking the index towards south were technology & communication with 48 points, paper & board (7 points), sugar & allied industries and power generation & distribution (4 points each) and tobacco (2 points). The most points taken off the index were by TRG which stripped the index of 42 points followed by HUBC (13 points), SYS (6 points), CEPB (6 points) and SML (4 points).<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI The Pakistan Stock Exchange (PSX) rallied for the second day in a row, with the benchmark KSE-100 Index gaining 299.82 points (+0.66 percent) to close at 45,674.50 points on Tuesday. The market opened on a positive note and maintained its positive trend throughout the session. The expectation of revival of the International Monetary Fund […]<\/p>\n","protected":false},"author":2,"featured_media":167153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[3616,186,325,205],"class_list":{"0":"post-242119","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-gains","9":"tag-imf","10":"tag-kse","11":"tag-psx"},"yoast_head":"\n