KARACHI, (TLTP): Pakistan Stock Exchange (PSX) witnessed a volatile session on Thursday after undergoing a major correction in the previous session, with the benchmark KSE-100 Index gaining 170.02 points (+0.26 percent) to close at 65,450.18 points.
The market opened on a positive note but hit the day’s low within the first 15 minutes. The indices continued to switch between the green and red territories. The benchmark index twice fell below the 65,000 points mark during the trade. However, buyers stepped in and successfully defended this level. Later, the index remained range-bound for the rest of the session.
The benchmark index traded in a range of 1,184.86 points, showing an intraday high of 65,622.55 points and an intraday low of 64,437.69 points. Among other indices, the KSE All Share Index gained 212.86 points (+0.49 percent) to close at 43,492.50 points. Similarly, the KMI All Share Islamic Index gained 113.43 points (+0.36 percent) to close at 31,803.05 points.
Total volumes traded for the KSE-100 Index decreased by 269.58 million shares to 407.56 million shares against 677.14 million shares traded in the previous session. The overall market volumes decreased by 377.22 million shares to 981.19 million shares against 1,358.41 million shares traded a session earlier.
Among scrips, KOSM topped the volumes with 160.18 million shares, followed by BOP (89.77 million) and HASCOL (79.31 million). Stocks that contributed significantly to the volumes included KOSM, BOP, HASCOL, WTL, and KEL, which formed over 43 percent of total volumes.
A total of 388 companies traded shares in the stock exchange against 411 in the previous session, out of which shares of 197 closed up, shares of 174 companies closed down while shares of 17 companies remained unchanged. A total of 98 companies traded shares in the KSE-100 Index against 99 in the previous session, out of which share prices of 48 companies closed up, 46 companies closed down and four remained unchanged.
The number of total trades decreased to 265,312 from 359,686 in previous session, while the value traded decreased by Rs13.92 billion to Rs23.74 against Rs37.66 billion in the previous session.
In terms of rupee, UPFL remained the top gainer with an increase of Rs175 (+0.79 percent) per share, closing at Rs22,275. The runner-up remained SFL, the share price of which climbed up by Rs85 (+5 percent) to Rs1,784.5. RMPL remained the top loser with a decrease of Rs350 (-3.38 percent) per share, closing at Rs10,000, followed by SRVI, the share price of which fell by Rs23.28 (-3.59 percent) to close at Rs624.72 per share.
The major sectors taking the index towards north remained oil & gas exploration companies (169 points), fertilizer (118 points), cable & electrical goods (22 points), technology & communication (17 points), and refinery (16 points). The major companies adding points to the index remained PPL (114 points), FFC (53 points), OGDC (49 points), BOP (28 points), and MCB (27 points).
The sectors taking the index towards south were commercial banks (78 points), power generation & distribution (22 points), food & personal care products (21 points), investment banks/ investment companies/ securities companies (21 points), and textile composite (17 points). The major companies depriving the index of points remained MEBL (54 points), UBL (33 points), HUBC (26 points), NBP (24 points), and DAWH (21 points). TLTP
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