The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 121.30 points on Friday to close at an all-time high of 114,301.80 points, up 0.11 percent over the previous closing.
A total of 1,118,570,230 shares were traded during the day as compared to 1,469,558,531 shares the previous day. The price of shares stood at Rs. 59.511 billion against Rs. 67.278 billion on the last trading day.
A total of 461 companies transacted their shares in the stock market today with 178 of them recording gains and 251 sustaining losses, whereas the share price of 32 companies remained unchanged.
Brokerage house Topline Securities highlighted that the range bound session saw the index reach an intraday high of 992 points and an intraday low of -1,571 points.
Pressure was observed in banking sector as it closed lower, with UBL, MEBL, BAHL, HBL and BAFL cumulatively losing 860 points to weigh down on the index. Pressure can be attributed to noise that committee formed earlier this week to discuss alternative options to ADR-based tax regime has finalized recommendation, Topline said.
Investor interest was observed in oil sector as MARI (Rs. 5.29 billion), PSO (Rs. 3.89 billion), OGDC (Rs. 3.73 billion) and PPL (Rs. 2.71 billion) were top traded value wise companies, it added.
Brokerage House Arif Habib Limited (AHL) pointed out that weekly average traded value hit an all-time high of Rs. 60 billion for the week ending December 13, 2024. The KSE-100 index surged by 4.8 percent during the week. The benchmark index has delivered an impressive return of 83 percent in 2024 so far.
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