KARACHI: Pakistan Stock Exchange (PSX) maintained its upward momentum on Tuesday as it gained over 500 points in a single day.
The benchmark KSE-100 index witnessed an upward trend since trading resumed and went on to regain the 44,000 points level. The bourse increased by 505.14 points (1.15%) to close at 44,438.70 points. The total volume of shares increased to 105 million valued at Rs5.26 billion.
Of the 94 traded companies in the KSE100 Index, 77 closed up 16 closed down, while one remained unchanged. Sectors propping up the index were Cement with 88 points, Power Generation & Distribution with 70 points, Oil & Gas Marketing Companies with 45 points, Oil & Gas Exploration Companies with 39 points and Automobile Assembler with 36 points.
The lower bench KSE-30 index increased by 189.84 points (1.13%) and closed at 16,983.32 points. The total volume of shares was 70.802 million. The KMI 30 index surged by 1,155.14 points (1.63%) and closed at 72,066.84 points, while the All Share Index gained 286.98 points (0.95%) and closed at 30,379.47 points. The total volume of share traded were 268.812 million at the stock market.
The highest number of shares traded belonged to Pak Elektron (PAERLR3 75.89%) which traded 36.675 million shares. This was followed by Worldcall Telecom Ltd (8.28%), Ghani Global Ltd (7.51%), and K-Electric Ltd (2.98%). The number of scrips traded were 27.126 million, 15.048 million, and 11.176 million, respectively.
The market reacted positively to news regarding the political situation in the country along with a significant decline in commodity prices as brent crude was trading at $112.5 per barrel.
