Pakistan Stock Exchange (PSX) turned bullish again on Thursday, with the benchmark KSE-100 Index gaining 318.93 points (+0.69 percent) to close at 46,484.43 points.
The market opened on a negative note and remained volatile in the first hour. The indices switched between the green and red territories and touched the day’s low within the first 75 minutes of the session. However, later, the market turned around, eroding the day’s losses and gaining over 300 points before the closing. The market has gained over 2,900 points in the last five sessions. The investors cherished the five-day winning streak of rupee and $2.8 billion of inflows in terms of remittances during March 2022. The rupee has recovered Rs6.49 (+3.45 percent) against the dollar during the last five sessions.
The KSE-100 Index moved in a range of 455.75 points, showing an intraday high of 46,510.11 and a low of 46,054.36 points. Among other indices, the KSE All Share Index gained 166.17 points (+0.53 percent) to close at 31,473.57 points, while KMI All Share Islamic Index gained 154.49 points (+0.68 percent) to close at 22,825.89 points.
A total of 347 companies traded shares in the stock exchange, out of them shares of 205 closed up, shares of 121 closed down while shares of 21 companies remained unchanged. Out of 95 traded companies in the KSE-100 Index, 69 closed up, 24 closed down and two remained unchanged.
The overall market volumes increased by 20.36 million to 494.94 million shares. Total volumes traded for the KSE-100 Index increased by 65.07 million to 211.50 million shares. The number of total trades decreased by 18,289 to 130,689, the value traded decreased by Rs0.67 billion to Rs11.68 billion and the overall market capitalisation increased by Rs43.46 billion. TLTP
