KARACHI: The Pakistan Stock Exchange (PSX) continued the upward trajectory for the second consecutive day on Thursday and ended the trading session on a positive note.
The benchmark KSE-100 index gained 321.94 points (0.72%) and closed at 45,821.40 points. The bourse crossed the 46,000 points level and reached its highest level of 46,164.48 points before it declined in later day trading before trading was suspended. The total volume of shares was 181.068 million valued at Rs10.719 bn.
The lower-bench KSE-30 index increased by 181.61 points (1.02%) and closed at 18,006.14 points. The total volume of shares was 100.819 million. The KMI-30 index surged by 689.13 points (0.94%) and closed at 74,126.14 points, while All-Share Index gained 175.43 points (0.56%) and closed at 31,279.32 points.
The most active stock was Bank of Punjab (BOP 1.83%) which saw 25.569 million shares traded at the stock market. This was followed by Telecard Ltd (TELE 2.39%), Hum News Ltd (HUMNL 0.77%), and WorldCall Telecom Ltd (WTL -3.95%). The total volume of scripts was 24.332 million, 23.889 million, and 21.828 million respectively.
This is the second consecutive day the stock market has been on an upward trajectory amid reports that talks between the government and the International Monetary Fund (IMF) were moving forward and the Current Account Deficit (CAD) was less than expected.
According to the States Bank of Pakistan (SBP), the current account deficit (CAD) swelled to 4.1 percent of GDP in the first quarter exceeding the 2-3 percent range. However, the CAD narrowed 24 percent to $1.113 billion in September from $1.473bn in the preceding month.
