KSE-100 index closes at 41,211.70 points with a rise of 0.20%.
Bulls dominate, KSE-100 gains over 80 points. The bulls maintained their grip on the Pakistan Stock Exchange (PSX) for the second consecutive day as the benchmark KSE-100 index registered nominal gains on Monday.
The uptrend was fuelled by the continuous appreciation of the Pakistani rupee against the US dollar, coupled with a recovery in global and Asian markets.
Moreover, the anticipation of encouraging financial results for the first quarter of the fiscal year 2022-23 strengthened investors’ sentiment.
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However, the market experienced pressure during intra-day trading and towards the end. The government’s decision to slash petrol prices by Rs12.63 has raised concerns regarding the ongoing International Monetary Fund (IMF) programme.
The benchmark KSE-100 index closed at 41,211.70 points with an increase of 83.03 points or 0.20%.
Shares of 344 companies were traded during the session. At the close of trading, 140 scrips closed in the green, 181 in the red, and 23 remained unchanged.
Overall trading volumes rose to 185.36 million shares compared with Friday’s tally of 205.69 million. The value of shares traded during the day was Rs9.38 billion.
Hubco was the volume leader with 30.84 million shares traded, gaining Rs5.24 to close at Rs75.15. It was followed by TRG Pakistan with 15.99 million shares traded, gaining Rs0.72 to close at Rs129.58 and HBL with 13.16 million shares losing Rs1.52 to close at Rs68.19.
