PSX flirts with 46,000 level amid profit-taking

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The Pakistan Stock Exchange (PSX) witnessed another volatile session amid profit-taking activity, with the benchmark KSE-100 Index gaining 35.12 points (+0.08 percent) to close at 45,916.25 points.

The market opened on a bullish note and crossed the level of 46,000 points mark within minutes. However, the market failed to maintain this level during the last half an hour trading when excessive selling brought the index below this psychological level. Trading of over half a billion volumes during the session buoyed the investors.

The KSE-100 Index moved in a range of 347.92 points, showing an intraday low of 45,872.48 points and a high of 46,220.40 points. Among other indices, the KSE All Share Index gained 44.38 points (+0.14 percent) to close at 31,388.59 points, while KMI All Share Islamic Index gained 86.81 points (+0.39 percent) to close at 22,541.65 points.

A total of 387 companies traded shares in the stock exchange, out of them shares of 177 closed up, shares of 179 closed down while shares of 31 companies remained unchanged.

Out of 96 traded companies in the KSE-100 Index, 47 closed up, 44 closed down and five remained unchanged.

The overall market volumes increased by 175.28 million to 514.38 million shares. Total volumes traded for the KSE-100 Index increased by 23.03 million to 125.31 million shares.

The number of total trades increased by 18,837 to 147,826, while the value traded increased by Rs0.86 billion to Rs10.60 billion. Overall market capitalisation increased by Rs11.12 billion.

 

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