The benchmark KSE-100 Index gaining 117.11 points to close at 46,601.54 points
\n KARACHI
\nPakistan Stock Exchange (PSX) remained bullish for the second straight day on Friday, with the benchmark KSE-100 Index gaining 117.11 points (+0.25 percent) to close at 46,601.54 points.
\nThe benchmark index surged from 44,444.58 to 46,601.54 points during the week, witnessing a gain of 2,156.96 points (4.85 percent), which has been the highest weekly gain since 2020. The market has gained over 3,000 points in the last six sessions.
\nThe market opened on a positive note and remained positive throughout the session. The bullish momentum continued on the back of the upcoming corporate result season, which is expected to be healthy. Speculations over the possible revival of the International Monetary Fund (IMF) programme also boosted the investors\u2019 confidence.
\nThe investors cherished the six-day winning streak of rupee and $2.8 billion of inflows in terms of remittances during March 2022. The rupee has recovered Rs6.60 (+3.51 percent) against the dollar during the last six sessions.
\nThe KSE-100 Index moved in a range of 301.16 points, showing an intraday high of 46,785.59 and a low of 46,484.43 points. Among other indices, the KSE All Share Index gained 102.19 points (+0.32 percent) to close at 31,575.76 points, while KMI All Share Islamic Index gained 107.2 points (+0.47 percent) to close at 22,933.09 points.
\nA total of 339 companies traded shares in the stock exchange, out of them shares of 161 closed up, shares of 158 closed down while shares of 20 companies remained unchanged. Out of 88 traded companies in the KSE-100 Index, 51 closed up, 34 closed down and three remained unchanged.
\nThe overall market volumes decreased by 129.15 million to 365.79 million shares. Total volumes traded for the KSE-100 Index decreased by 43.29 million to 168.21 million shares. The number of total trades decreased by 15,114 to 115,575, the value traded decreased by Rs2.55 billion to Rs9.13 billion.
\nAmong scrips, CNERGY topped the volumes with 71.32 million shares, followed by WTL (31.66 million) and GGL (24.97 million). Stocks that contributed significantly to the volumes included CNERGY, WT, GGL, PRL and MLCF, which formed around 43 percent of total volumes.
\nIn terms of rupee, SAPT remained the top gainer and witnessed an increase of Rs71.17 (+7.1 percent) per share, closing at Rs1,073.67. The runner-up remained SFL, the share price of which climbed up by Rs65.78 (+7.36 percent) to Rs959.78. BTL remained the top loser in terms of rupee and witnessed a decrease of Rs15 (-2.91 percent) per share, closing at Rs500, followed by OTSU, the share price of which declined by Rs13.25 (-5.26 percent) to close at Rs238.75 per share.
\nThe sectors taking the index towards the north were fertilizer (44 points), commercial banks (25 points), oil & gas exploration companies (18 points), investment banks\/ investment companies\/ securities companies (14 points) and oil & gas marketing companies (13 points). The most points added to the index were by ENGRO (29 points), MEBL (22 points), FFC (20 points), HMB (18 points) and DAWH (17 points).
\nThe sectors taking the index towards the south were technology & communication (38 points), power generation & distribution (26 points) and cement (11 points). The most points taken off the index were by HUBC (30 points), SYS (18 points), BAFL (16 points), TRG (16 points) and FABL (11 points).<\/p>\n","protected":false},"excerpt":{"rendered":"
The benchmark KSE-100 Index gaining 117.11 points to close at 46,601.54 points KARACHI Pakistan Stock Exchange (PSX) remained bullish for the second straight day on Friday, with the benchmark KSE-100 Index gaining 117.11 points (+0.25 percent) to close at 46,601.54 points. The benchmark index surged from 44,444.58 to 46,601.54 points during the week, witnessing a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-255294","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n