KARACHI: Positive sentiments prevailed at the Pakistan Stock Exchange (PSX) on the first trading session of the week as the KSE 100 index gained 584.47 and closed at 41,850 points.
Gaining 610.79 points the KSE 100 index touched an intraday high of 41,876.79 points. It settled higher by 584.47 points at 41,850.47. Among other indices, the KMI 30 index gained 1,459.90 points and ended at 67,394.62, while the KSE All Share index managed to gain 321.25 points closing day at 29,439.51.
Investors cheered the news that Pakistan has completed 21 out of 27 points outlined by the Financial Action Task Force and any blacklisting was off the table as per Minister of Industries.
Overall market volumes were recorded at 487.12 million shares. The volume chart was led by cement stocks including Maple Leaf Cement Factory Limited (MLCF +4.13%), Power Cement Limited (POWER +8.39%) and Fauji Cement Company Limited (FCCL +7.46%).
As many as 430 companies’ transacted shares in the stock market, 307 of them recorded gain and 105 sustained losses whereas the share price of 18 companies remained unchanged.
Sectors adding to the positivity of the KSE 100 index included the Cement sector (229.69 pts), the Technology and Communication sector (53.66 pts) and Oil and Gas Marketing sector (44.61 pts).
The Cement sector (5.02%) closed session as top gainer. Lucky Cement Limited (LUCK +6.23%), Bestway Cement Limited (BWCL +2.01%) and D. G. Khan Cement Company Limited (DGKC +3.34%) ended positively.
