KSE-100 inches up 56pts in range-bound trading

Business May, 10 2024
KSE-100 inches up 56pts in range-bound trading
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Karachi: Pakistan Stock Exchange (PSX)’s benchmark KSE-100 Index closed marginally higher in range-bound trading session.

At close, index settled at 72,658.05, up by 56.24 points or 0.08 percent. Volume on all-share index decreased to 674.98 million on Thursday from 970.32 million session ago. Another brokerage house Topline Securities said Thursday’s session was a mix of ups and downs, with the index reaching an intra-day high of 287.98 points (up by 0.40%) and an intraday low of -276.46 points (down by 0.38%). The positive momentum in the index was mainly driven by contributions from TRG, SRVI, SYS,  DGKC, and SEARL, collectively adding 115 points.

Conversely, ENGRO, FFC, EFERT, BAHL and HUBC collectively dragged the index down by 170 points, it added. Investor interest was notably seen in technology sector, with HUMNL (+11pc), OCTOPUS (+7.50pc), TRG (+6.66pc), and AVN (+3.98pc) closing higher than their previous day’s values, according to brokerage house. Value of shares increased to Rs 24.05 billion from Rs 23.51 billion in previous session. WorldCall Telecom was volume leader with 175.15 million shares, followed by Pak Elektron with 40.24 million shares and K-Electric Ltd with 31.25 million shares.

Shares of 376 companies were traded on Thursday, of which 218 registered an increase, 126 recorded fall while 32 remained unchanged.

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