Pakistan Stock Exchange bounced back on Friday with the benchmark KSE-100 Index with massive 844 points gain to cross the 41,000-points mark. The investors made a return in the market as the Cement sector helped the gain.
At close, the benchmark KSE-100 index registered a rise of 2.09% to settle at 41,312.59 points.
Investors kept aside political uncertainty and deteriorating macroeconomic indicators to take advantage of attractive valuations, injecting money across the board with cement.
The 41,300 level was crossed by the market which was a good indication.
All stocks in the listed cement space closed higher where DG Khan Cement (DGKC PA +5%) hit the upper cap limit while Maple Leaf Cement (MLCF PA +4.3%) traded second-best volumes of over nine million shares on volumes chart.
Over the week Cement rally on Friday restricted the market to Decline to 2.6%. Outgoing week saw KSE100 decline by 2.6%. Participation skewed towards index heavy blue chips, average volumes were down by 4% while traded value surged 20%.
Top worst performers of the week were HBL (-4% WoW), LUCK (-7%), SNGP (-11%), ENGRO (-3%) and Searl (-9%)
All share index had a traded volume of 147 million shares. Overall, stocks of 368 companies were traded on the exchange, of which 288 gained in value, 78 declined and 20 remained unchanged. In KSE 100, 97 million shares were traded with a net worth of Rs8.02 billion.
Top traded sectors:
TRG Pakistan was the volume leader with 10.2 million shares, gaining Rs1.66 to close at Rs35.86. It was followed by Maple Leaf with 9.1 million shares, gaining Rs3.18 to close at Rs77.18 and K-Electric with 8.5 million shares, gaining Rs0.24 to close at Rs6.93.
Top Advancers of the market were:
Top losers of the market were: