KSE-100 Index close at 44,928.83 points
\n KARACHI
\nThe Pakistan Stock Exchange (PSX) turned bullish on Thursday, with the benchmark KSE-100 Index gaining 591.27 points (+1.33 percent) to close at 44,928.83 points.
\nThe PSX opened on a positive note and remained in the green territory throughout the session, closing at the day\u2019s high. The positive rumours surrounding the political situation in the country boosted the investors\u2019 confidence. The market also took positive cues from international markets as easing oil prices also tend to provide relief to investors, according to a note by Aba Ali Habib Securities.
\nThe global rally in stocks kept the local bourse in green. Asia shares joined a global rally as hopes rose for a negotiated end to the Ukraine conflict, while bond markets remained on the defensive as the benchmark 10-year US bond yields continued to lose momentum and lowered for the third consecutive session to 2.30 percent from last week\u2019s peaks around 2.55 percent.
\nOn the other hand, the Pakistani rupee plunged to a new low of 183.48 against the US dollar, while the crude oil prices slipped around six percent during the day.
\nThe KSE-100 Index moved in a range of 591.27 points, showing an intraday low of 44,337.56 points and a high of 44,928.83. Among other indices, the KSE All Share Index gained 416.2 points (+1.37 percent) to close at 30,788.28 points, while KMI All Share Islamic Index gained 245.66 points (+1.12 percent) to close at 22,228.79 points.
\nA total of 370 companies traded shares in the stock exchange, out of them shares of 272 closed up, shares of 84 closed down while shares of 14 companies remained unchanged. Out of 97 traded companies in the KSE-100 Index, 86 closed up and 9 closed down and two remained unchanged.
\nThe overall market volumes increased by 71.50 million to 415.63 million shares. Total volumes traded for the KSE-100 Index increased by 49.55 million to 115.69 million shares. The number of total trades increased by 1,878 to 123,295, while the value traded increased by Rs1.90 billion to Rs9.68 billion. Overall, market capitalisation increased by Rs101.81 billion.
\nAmong scrips, KEL topped the volumes for the second straight day with 56.07 million shares, followed by TREET (34.45 million) and TELE (27.29 million). Stocks that contributed significantly to the volumes included KEL, TREET, TELE, GGL and AGL, which formed around 40 percent of total volumes.
\nIn terms of rupee, NESTLE remained the top gainer and witnessed an increase of Rs321.73 (+5.85 percent) per share, closing at Rs5,821.73. The runner-up was BATA, the share price of which climbed up by Rs141.43 (+6.19 percent) to Rs2,426.43. AWTX remained the top loser in terms of rupee and witnessed a decrease of Rs101.04 (-7.5 percent) per share, closing at Rs1,246.22, followed by WYETH, the share price of which declined by Rs51.9 (-2.52 percent) to close at Rs2,007.7 per share.
\nThe sectors taking the index towards north were technology & communication (118 points), fertilizer (87 points), commercial banks (68 points), cement (41 points) and food & personal care products (36 points). The most points added to the index were by SYS (92 points), FFC (34 points), ENGRO (27 points), EPCL (26 points) and MCB (22 points).
\nThe sectors taking the index towards south were modaraba and sugar and allied industries. The most points taken off the index were by HBL (13 points), UBL (6 points), HUBC (3 points), PPL (2 points) and ATLH (one point).<\/p>\n","protected":false},"excerpt":{"rendered":"
KSE-100 Index close at 44,928.83 points KARACHI The Pakistan Stock Exchange (PSX) turned bullish on Thursday, with the benchmark KSE-100 Index gaining 591.27 points (+1.33 percent) to close at 44,928.83 points. The PSX opened on a positive note and remained in the green territory throughout the session, closing at the day\u2019s high. The positive rumours […]<\/p>\n","protected":false},"author":2,"featured_media":232057,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[5531,325,205],"class_list":{"0":"post-252392","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bullish","9":"tag-kse","10":"tag-psx"},"yoast_head":"\n