The Pakistan Stock Exchange ended Tuesday’s trading session on a positive note, with the benchmark KSE-100 index gaining +307.12 points (0.11%) by the close of the trading session to reach 48,250, with volume better than Monday.
The Index opened slightly positive and remained volatile throughout the whole session while closing in green with low volumes. Cement, technology & communication and textile composite attracted investor interest.
Shares of 377 companies were traded. At the end of the day, 220 stocks closed higher, 137 declined while 20 remained unchanged.
Azgard Nine Ltd was the volume leader with 14.88 million shares, losing Rs. 0.21 to close at Rs. 12.84. It was followed by Dewan Cement with 14.13 million shares which gained Rs. 0.98 to close at Rs. 22.87, TRG Pakistan Ltd with 12.78 million shares which accumulated Rs. 2.47 to close at Rs. 52.03 and Engro Polymer with 9.24 million shares which gained Rs. 0.31 to close at Rs. 25.99.
Major losers of the market were:
Major gainers of the market were:
U.S. crude oil rose for a sixth consecutive session in morning trade to hit its highest level in five weeks, driven by Middle East Risk premium. Crude Oil is currently being traded at $53.11
While Asian equities traded lower today, following a below par overnight close in Wall Street as geopolitical tensions continued to weigh. Gains in energy stocks following the surge in oil prices tried to offset some of the losses but failed to keep the markets buoyant.