KARACHI: Pakistan Stock Exchange (PSX) recouped its losses on Thursday as it edges closer to gain the 45,000 points level.
The benchmark KSE-100 index witnessed an upward trajectory since trading resumed and continued throughout the day. The bourse was on course to reach the 45,000 points level before trading was suspended. The bourse gained 591.27 points (1.33%) to close at 44,928.83 points. The total volume of shares increased to 165.238 million valued at Rs5.736 billion.
Of the 97 traded companies in the KSE100 Index 86 closed up 9 closed down, while 2 remained unchanged. Sectors propping up the index were Technology & Communication with 118 points, Fertilizer with 87 points, Commercial Banks with 68 points, Cement with 41 points and Food & Personal Care Products with 36 points.
Total companies traded were 362 compared to 354 from the previous session. Of the scrips traded 273 closed up, 75 closed down while 14 remained unchanged. The total value traded increased by 1.90 Billion to Rs.9.68 billion.
The lower bench KSE-30 index also increased by 191.41 points (1.15%) and closed at 17.117.48 points. The total volume of shares was 84.522 million. The KMI 30 index increased by 1,036.08 points (1.44%) and closed at 72,914.93 points, while the All Share Index also gained 416.20 points (1.37%) and closed at 30,788.28 points. The total volume of share traded were 415.522 million at the stock market.
The highest number of shares traded belonged to K-Electric Ltd (0.96%) which traded 56.072 million shares. This was followed by Treet Corporaton Ltd (TREET 6.93%), Telecard Ltd (TELE 7.59%) and Ghani Global Holdings Ltd (6.47%). The number of scrips traded were 34.449 million, 27.292 million, and 26.218 million, respectively.
The positive reports surrounding the political situation in the country boosted investors confidence. The bourse also took positive cues from international markets as easing oil prices also tend to provide relief to investors.
