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PSX lands in green as benchmark index gains 362 points

MM News Staff by MM News Staff
December 2, 2020
Reading Time: 1 min read

KARACHI: Positive sentiments prevailed at the Pakistan Stock Exchange (PSX) on the third trading session of the week as the KSE 100 index gained 362.11 and closed at 42,027 points.

The KSE-100 Index remained in the green throughout the session, registering its intraday high at 42,074.11 after gaining 408.84 points. It settled higher by 362.11 points at 42,027.38.

Among other indices, the KMI-30 Index accumulated 702.09 points to end at 67,849.54, while the KSE All Share Index added 203.03 points, closing at 29,407.77.

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The overall market volumes fell from 489.12 million shares in the previous session to 476.68 million shares (-3pc). Average traded value, however, increased by 5pc, from $121.4 million to $127.2 million.

Unity Foods Ltd (UNITY -0.98pc), TRG Pakistan Ltd (TRG +5.71pc) and Pakistan Refinery Ltd (PRL +1.13pc) led the volume chart, exchanging 39.73 million, 38.58 million and 34.57 million shares, respectively.

Sectors that drove the benchmark index north included automobile assembling (+73.39 points), banking (+58.32 points) and technology & communication (+36.63 points).

Among the companies, Bank AL Habib Ltd (BAHL +40.96 points), TRG Pakistan Ltd (TRG +39.68 points) and Millat Tractors Ltd (MTL +39.05 points) remained the top contributors to the index.

Adding 4.81pc in its cumulative market capitalization, the automobile assembling sector ended as the session’s top performer, with Honda Atlas Cars (Pakistan) Ltd (HCAR +3.60pc), Indus Motor Company Ltd (INDU 6.48pc) and Pakistan Suzuki Motors Company Ltd (PSMC 1.96pc) posting decent gains.

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