PSX index sees recovery due to fall in commodities prices

  • Post author:
  • Post category:PSX
  • Reading time:1 mins read

The market opened positive and stayed in the green zone throughout the day due to a decline in international commodity prices. However, volumes remained dull. Moreover, Investors opted for an accumulation across the board specially in the cement stocks.

KSE 100 index closed 810 points up, value buying were observed in the last trading hour.

The Index closed at 43,853.62pts as against 43,042.96pts showing an increase of 810.66pts (+1.88% DoD). Sectors contributing to the performance include Cement (+217.5pts), Commercial Banks (+199.4pts), Technology (128.1pts), Automobile Assembler (+41.5pts) and Textile Composite (+33.6pts).

Volumes increased from 183.7mn shares to 271.9mn shares (+48.0% DoD). Traded value also increased by 23.6% to reach US$ 42.0mn as against US$ 34.0mn.

Stocks that contributed significantly to the volumes include PAELR3, TPLP, WTL, FLYNGR1 and GGL.

Sharing is caring

Leave a Reply