The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index continued with bullish trend on Friday, gaining 1,262 points, a positive change of 0.97 percent, closing at 131,949 points, a new all-time high.
According to Topline Securities, the KSE-100 index increased by 6.09 percent on a week-on-week (WoW) basis. The brokerage house attributed the positivity in the market to hefty buying by institutions on account of new liquidity being diverting towards equity on the back of lower yields and higher taxes on fixed income.
Average daily traded volume and value during the outgoing week stood at 967 million shares (up by 31 percent WoW) and Rs. 41.5 billion (33 percent WoW) respectively, Topline added.
Top positive contribution to the index on Friday came UBL, HBL, SYS, BAHL, MCB, NBP and MEBL, as they cumulatively contributed +1,289 points to the index, it said.
A total of 733,079,943 shares were traded during the day as compared to 899,849,566 shares the previous trading day, whereas the price of shares stood at Rs 34.924 billion against Rs 43.252 billion on the last trading day.
As many as 473 companies transacted their shares in the stock market, 255 of them recorded gains and 177 sustained losses, whereas the share price of 41 companies remained unchanged.
