KSE-100 gains 764pts on banks, oil scrips
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KSE 100 Index, benchmark index of Pakistan Stock Exchange (PSX), concluded trading session at 82,331.85 points, marking significant increase of 764.27 points or 0.94 percent.
Index experienced high of 82,331.85 points and low of 81,524.41 points during session. Broad wave of buying was observed, with major players such as MCB Bank Limited, Oil and Gas Development Company, National Bank of Pakistan, United Bank Limited and Bank AL Habib Limited making substantial gains.
These key stocks collectively contributed 373 points to overall rise, as reported by Topline Securities. Trading activity at PSX remained robust, with total volume of 422 million shares exchanged, amounting to value of Rs 18.38 billion. Most actively traded stock was K-Electric Limited with 51 million shares changing hands.Notable gainers included MCB Bank, OGDC and NBP. On downside, Fauji Fertilizer Company Limited dropped by 1.25 percent, Hub Power Company Limited fell by 0.68 percent and Fauji Fertilizer Bin Qasim Limited decreased by 1.11 percent. PSX's Cement stocks also performed well, with Fauji Cement Company Limited up by 3.95 percent.
Maple Leaf Cement Factory Limited rising by 3.05 percent and D.G. Khan Cement Company Limited increasing by 1.87 percent.