The Pakistan Stock Exchange’s benchmark index KSE-100 recorded a fall of 200 points in the opening hours but ended the day in the positive zone.
KSE-100 recorded a rise of 206.60 points or 0.43% to finish at 48155.93.
Volumes were led by Commercial Banks, textile composite and power generation sector. 13.6 million shares of index stocks were traded with a total worth of nearly 8.74 billion.
Crude Oil is now bouncing above 50’s, trading at $50.19,
Shares of 361 companies were traded. At the end of the day, 208 stocks closed higher, 138 declined while 15 remained unchanged.
Volumes were led by:
- Bank of Punjab: 41.9m shares traded
- Azgard Nine: 24.2m shares traded
- Karachi Electric Ltd: 20.9m shares traded
- NIB Bank: 20.2m shares traded
- TRG Pakistan: 16.4m shares traded
Major dent came from Wyeth Chemicals (-5.0%), Colgate Palmolives (-4.85%), Pakistan Services Ltd (-4.15%) and HinoPak Motors (-2.14%)
Investors got one positive development regarding SECP during the week and one negative or depressive development regarding the PANAMA decision. Investors are still waiting for any signs of updates or even results on Panama Case. Rumors suggest that a decision could come in the mid of April.
SECP approved changes to in-house financing rules. The Securities and Exchange Commission of Pakistan (the Commission) had constituted a committee comprising of senior market professionals and stakeholders.
The Securities and Exchange Commission of Pakistan (SECP) has approved recommendations of a committee on the review of financing by securities’ brokers to clients, a press release said on Tuesday which is positive sign for the investors as well as for Brokers.