PSX ends trading session up by 266 points

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a positive trend in Thursday’s trading session as its benchmark KSE-100 index closed at 74,930.70, marking a gain of 266.72 points or 0.36 per cent.

During the trading hours, the index fluctuated within a range of 578.78 points, reaching an intraday high of 75,029.03, reflecting an increase of 365.05 points, and a low of 74,450.26, down by 213.73 points.

The total volume of shares traded on the KSE-100 index amounted to 170.47 million.

Among the 100 index companies, 41 ended the day with gains, 53 with losses, while 5 remained unchanged, and 1 didn’t see any trading activity.

The upward momentum of the KSE-100 index was buoyed by gains in sectors such as Commercial Banks (298.23 points), Engineering (57.39 points), Technology & Communication (26.44 points), Automobile Parts & Accessories (25.33 points), and Investment Banks/Companies/Securities Companies (21.4 points).

Conversely, the index faced downward pressure from sectors like Fertilizer (38.97 points), Oil & Gas Exploration Companies (28.71 points), Power Generation & Distribution (23.66 points), Oil & Gas Marketing Companies (19 points), and Food & Personal Care Products (13.85 points).

Key contributors to the index’s gains included UBL (138.23 points), MCB (64.42 points), SYS (34.37 points), BAFL (33.66 points), and MEBL (31.21 points).

On the other hand, companies that exerted downward pressure on the index included HUBC (34.68 points), EFERT (33.66 points), OGDC (27.51 points), MARI (19.83 points), and PSO (12.91 points).

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