KARACHI: After a positive start, the Pakistan Stock Exchange (PSX) today (Thursday) failed to hold its ground and closed a range-bound session flat. Indices moved both ways in search of a direction while volumes improved from the last close.
Gaining 230.35 points the benchmark KSE 100 index recorded an intraday high of 40,745.02. It then fell to intraday low of 40,431.41 losing 83.26 points. Recovering all losses the index settled flat by positive 26.03 points at 40,540.70.
Among other indices, the KMI 30 index inched up by 22.58 points ending at 64,517.52, while the KSE All Share index closed with an appreciation of 40.94 points at 28,431.51.
Overall market volumes improved from 145.88 million shares in last session to 188.55 million shares. Highest volumes were witnessed in TRG Pakistan Limited (TRG +3.62%), Unity Foods Limited (UNITY +2.06%) and Faysal Bank Limited (FABL +2.66%).
Sectors that added the most points to the KSE 100 index included Cement sector (16.57 points), Technology and Communication sector (15.77 points) and Banking sector (14.60 points).
The Technology and Communication sector gained 1.04 percent in its cumulative market capitalization. NetSol Technologies Limited (NETSOL 7.49 percent), Avanceon Limited (AVN 1.88 percent) and Telecard Limited (TELE 1.28 percent) all ended positive.
