The KSE-100 index on Friday, closed on a positive note, registering a gain of 157.11 points. This upward movement was driven by the investors who contributed value to the pharmaceutical sector, which saw healthy trading volumes throughout the day.
The stock market closed at 41,599.18, indicating an increase of 157.11 points from previous day’s closing of 41,442.07 points.
The week concluded with a positive performance at the Pakistan Stock Exchange (PSX) today. The initial sessions were marked by volatility, primarily driven by political uncertainty prevailing in the country. Investors adopted a cautious approach, leading to mixed trading patterns with some sectors experiencing losses.
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However, as the second session progressed, market sentiment improved, and investors gained confidence, resulting in a resurgence of bullish activity. Particularly, the pharmaceutical sector witnessed significant interest, as investors took fresh positions to enhance their portfolios. This boosted the KSE 100 index, leading to a positive close with substantial trading volumes recorded across various sectors.
Sectors contributing to the performance include E&P’s (+57.9 points), Miscellaneous (+22.8 points), Cement (+18.8 points), Food & Personal Care Products (+16.5 points), and Pharmaceuticals (+15.8 points).
Volumes increased from 101.3 million shares to 120.4 million shares (+18.8 per cent DoD). The average traded value also increased by +9.5 per cent to USD 11.5 million as against USD 10.5 million.
Stocks that contributed significantly to the volumes are WTL, AIRLINK, SEARL, UNITY and PPL.
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