KARACHI
\nPakistan Stock Exchange (PSX) remained in green for the fourth session in a row on Monday amid increased optimism about revival of the International Monetary Fund (IMF) loan programme, with the benchmark KSE-100 Index gaining 178.69 points (+0.42 percent) to close at 43,040.14 points.
\nFinance Minister Miftah Ismail\u2019s statement about the expectation of an IMF staff level agreement in the current month gave a boost to the investors\u2019 confidence. Moreover, Pakistani rupee appreciated for the second straight session during the day, which also left positive impacts on the bourse.
\nThe market opened on a sharp positive note and remained positive throughout the session. However, profit-taking activity was witnessed and the market took a dip but still it remained positive. The investors took advantage of this dip, which brought the index back above the 43,000 level. However, in all indices, the number of companies whose share prices went down were more in number than the companies whose share prices showed gains.
\nThe KSE-100 Index moved in a range of 396.33 points, showing an intraday high of 43,257.78 and a low of 42,861.45 points. Among other indices, the KSE All Share Index gained 84.73 points (+0.29 percent) to close at 29,342.26 points, while KMI All Share Islamic Index gained 97.47 points (+0.46 percent) to close at 21,098.08 points.
\nA total of 360 companies traded shares in the stock exchange compared to 362 a session earlier. Out of traded companies, shares of 150 closed up, shares of 190 closed down while shares of 20 companies remained unchanged. A total of 93 companies traded shares in the KSE-100 Index, out of which 42 closed up, 47 closed down and four remained unchanged.
\nThe overall market volumes decreased by 340.20 million to 187.47 million shares. Total volumes traded for the KSE-100 Index decreased to 81.29 million shares. The number of total trades decreased by 76,525 to 91,555, while the value traded decreased by Rs7.86 billion to Rs6.12 billion. Overall market capitalisation increased by Rs20.63 billion.
\nAmong scrips, TPLP topped the volumes with 18.54 million shares, followed by PRL (17.24 million) and CNERGY (9.97 million). Stocks that contributed significantly to the volumes included TPLP, PRL, CNERGY, GGL and OGDC, which formed over 33 percent of total volumes.
\nIn terms of rupee, COLG remained the top gainer and witnessed an increase of Rs42 (+1.99 percent) per share, closing at Rs2,152. The runner-up remained SFL, the share price of which climbed up by Rs35.14 (+3.25 percent) to Rs1,115. RMPL remained the top loser in terms of rupee and witnessed a decrease of Rs190 (-1.9 percent) per share, closing at Rs9,800, followed by MEHT, the share price of which fell by Rs70 (-7.41 percent) to close at Rs875 per share.
\nThe sectors taking the index towards north were oil & gas exploration companies (79 points), oil & gas marketing companies (25 points), technology & communication (23 points), automobile assembler (20 points) and commercial banks (14 points). The most points added to the index were by OGDC (49 points), MTL (33 points), and PPL, SYS and POL (22 points each).
\nThe sectors taking the index towards south were investment banks\/ investment companies\/ securities companies (7 points), glass & ceramics (6 points), textile spinning (4 points), and refinery and leather & tanneries (3 points each). The most points taken off the index were by MARI (14 points), EPCL (13 points), INDU (10 points), DAWH (8 points) and BAHL (6 points). <\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI Pakistan Stock Exchange (PSX) remained in green for the fourth session in a row on Monday amid increased optimism about revival of the International Monetary Fund (IMF) loan programme, with the benchmark KSE-100 Index gaining 178.69 points (+0.42 percent) to close at 43,040.14 points. Finance Minister Miftah Ismail\u2019s statement about the expectation of an […]<\/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-263546","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n