The Pakistan Stock Exchange moved tentatively in the green on Thursday with the benchmark KSE-100 index gaining +72.72 points, or 0.17 per cent, by the close of the trading session to reach 42,362.87 points with dull trading activity.
Stocks had closed lower on Wednesday after investors decided to book profits following Political uncertainty. The market saw another disappointing session today as the investors opted to remain on the sideline.
The market opened in red and went down to intraday low of 95 points and recovered in the first hour of trading. The market saw a range bound session during the whole session over the political uncertainty as most of the investors remained on the sidelines.
Textile Spinning stocks came under the investors’ radar likely due to the following good results.
Automobile sector was also up today which brought up the gain in the market.
Volumes remained low as All share index had a traded volume of 140 million shares .Overall, stocks of 357 companies were traded on the exchange, of which 216 gained in value, 120 declined and 21 remained unchanged. In KSE 100, 60 million shares were traded with a net worth of Rs. 4.93 billion.
Top traded sectors:
Bank of Punjab the volume leader with a turnover of 12.30 million shares, gaining Rs. 0.37 to close at Rs. 9.60. It was followed by Kohinoor Spinning with 10.39 million shares, gaining Rs. 0.10 to close at Rs. 6.30, TRG Pak Ltd with 7.35 million shares, gaining Rs. 0.06 to close at Rs. 37.10 and Silk Bank Ltd 5.66 million shares, gaining Rs. 0.08 to close at Rs. 1.64.
Top Advancers of the market were:
Top Decliners of the market were: