PSX surpasses 115,000 mark in early trade

KARACHI: The Pakistan Stock Exchange (PSX) opened in the green on the last trading day as the benchmark KSE-100 index rose by 431.38 points compared to its previous day’s close of 114,037.79. Within the first 17 minutes of trading, the index reached 114,469.17, with the trade volume standing at 1,790,079.

The PSX extended its gains and rose by over 880 points around 9:33 AM to reach 114,917.91, with the volume standing at 26,084,534. A sudden jump was witnessed around 10:15 AM when the KSE-100 index surged by 1,007 points to 115,045.34.

As of 10:30 AM on Friday, the day’s range stood at 114,383.16–115,143.56.

In percentage terms, of the KSE-100 index companies, those trading in the red included:

First Habib Modaraba (FHAM) was down by 1.59 per cent, or Rs0.32, to Rs19.83

Pakistan Services Limited (PSEL) was down by 1.58 per cent, or Rs14.27, to Rs890

Yousaf Weaving Mills Limited (YOUW) was down by 1.47 per cent, or Rs0.06, to Rs4.01

GlaxoSmithKline Pakistan Limited (GLAXO) was down by 0.87 per cent, or Rs3.56, to Rs407

Cnergyico PK Limited (CNERGY) was down by 0.76 per cent, or Rs0.06, to Rs7.87

On the other hand, the companies witnessing gains included:

Sui Northern Gas Pipelines Limited (SNGP) was up by 7.11 per cent, or Rs6.75, to Rs101.70

Fauji Fertilizer Company Limited (FFC) was up by 2.73 per cent, or Rs10.75, to Rs404.50

EFU General Insurance Limited (EFUG) was up by 2.35 per cent, or Rs2.62, to Rs114

Mughal Iron & Steel Industries Limited was up by 2.96 per cent, or Rs2.40, to Rs83.50

Dolmen City REIT (DCR) was up by 1.26 per cent, or Rs0.28, to Rs22.55

In price terms, the following stocks saw notable gains:

Rafhan Maize Products Company Limited (RMPL) was up by 0.87 per cent, or Rs80.21, to Rs9,299

Lucky Core Industries Limited was up by 1.75 per cent, or Rs19.38, to Rs1,130

Attock Refinery Limited (ATRL) was up by 2.08 per cent, or Rs12.92, to Rs635.50

Looking at the 1-year change, the KSE-100 index has risen by 77.60 per cent. However, in terms of its 52-week range, the PSX has traded between 59,191.86 and 118,735.10.

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