KARACHI: The Pakistan Stock Exchange (PSX) closed slightly higher on Friday, with the benchmark KSE-100 index gaining 53 points (0.11 percent) to close at 48,304.72.
The KSE-100 Index breached the psychological barrier of 48,500 points level within the first session but failed to sustain it and closed the day below the mark. The market went as high as 48,531.40 points during intra-day trading, while recorded as low as 48,243.15 points.
Trading volumes inched down to 1.02 million shares today, as compared to 1.039 billion shares yesterday, while the daily traded value also fell to Rs24.88 billion from Rs26.35 billion in the previous session, the data said.
The share price of Unilever Foods increased by Rs300 to Rs16,800 while Sapphire Textile gained Rs61.90 to Rs898.90. On the other hand, Rafhan Maize lost Rs398 today to close at Rs9,500 while Wyeth Pakistan Limited lost Rs161.03 to close at Rs2,006.37.
The Pakistan Tehreek-e-Insaf (PTI) government has decided not to impose any new taxes on the salaried class in the federal budget for the upcoming financial year, saying no new taxes will be levied on masses to provide relief to them.
