KARACHI: Bulls of the Pakistan Stock Exchange (PSX) were once again successful in conquering the market today (Monday), with the indices accumulating gains all day long amid improved market sentiment.
The benchmark KSE-100 Index remained in the green zone throughout the day, registering its intraday high at 45,074.37 after gaining 639.57 points in early trade. It settled higher by 251.66 points at 44,686.46.
Among other indices, the KMI-30 Index appreciated 451.22 points to close at 72,906.06, while the KSE All Share Index accumulated 112.53 points, ending at 31,282.02.
The overall market volumes fell from 642.58 million shares to 540.61 million shares. Pak Elektron Ltd (PAEL +4.45pc), Hub Power Company Ltd (HUBC +5.49pc) and Hascol Petroleum Ltd (HASCOL 0.00pc) led the volume chart.
Sectors that painted the benchmark index green included oil & gas exploration (+164.59 points), power generation & distribution (+127.84 points) and oil & gas marketing (+96.90 points).
Adding 4.53 percent to its cumulative market capitalization, the oil & gas marketing sector ended as the session’s top performer, with Sui Northern Gas Pipeline Ltd (SNGP +2.79pc), Pakistan State Oil Company Ltd (PSO +7.12pc) and Shell Pakistan Ltd (SHEL +7.50pc) posting significant gains.
Global equity markets also showed a positive trend, whereas crude oil prices inched up from the previous close; WTI crude oil price rising 0.89 percent to $48.98, while Brent crude increasing 1.49 percent to $52.56.
