KARACHI: Pakistan Stock Exchange (PSX) on Thursday witnessed a bullish trend throughout the day and the KSE-100 index closed at 42,716.97 with a gain of 258.83 points.
The benchmark index climbed 0.61% while the volume and value of shares traded also improved. The market opened on a positive note and stayed green throughout the day, as it inched up to an intra-day high of 42,987.88, up 270 points.
Capital Stake, in its post-market note, said positive sentiments prevailed in the market following news of Pakistan finalizing its $2.3billion facility agreement with a Chinese consortium of banks.
Sectors driving the benchmark index upward included power generation and distribution (74.80 points), banking (52.17 points), and technology and communication (26.42 points).
Volume on the all-share index increased to 349.5 million from 266.1 million on Wednesday. The value of shares traded also increased to Rs10.14 billion from Rs8.47 billion recorded in the previous session.
Cnergyico PK was the volume leader with 37.40 million shares, followed by Pak Refinery with 29.34 million shares, and K-Electric Ltd with 27.96 million shares.
Shares of 347 companies were traded on Thursday, of which 235 registered an increase, 87 recorded a fall, and 25 remained unchanged.
