KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 117 points on Friday amid positive sentiment prevailed during the day.
The KSE-100 index closed at 46,601 points from previous day’s closing of 46,484 points, up by 117.11 points.
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Analysts at Arif Habib Limited said that market stayed in the green zone throughout the day. KSE-100 index opened in the positive zone. Sensitive Price Indicator (SPI) for the week ended April 14,-2022 recorded a decrease of 0.68 per cent week on week while up by 16.44 per cent YoY basis.
Moreover, LSMI output increased by 7.8 per cent YoY during 8MFY22. Main board activity remained dull but hefty volumes were recorded in the 3rd tier stocks.
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In the last trading hour, profit taking was witnessed specially in the refinery sector.
Sectors contributing to the performance include Fertilizer (45.7 points), Banks (+37.9 points), E&P’s (+22.3  points), Inv. Banks (+14.7 points) and Refinery (+11.6  points).
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Volumes decreased from 494.9 million shares to 365.8 million shares (-26.1 per cent DoD). Average traded value also decreased by 21.8 per cent to reach US$ 50.3 million as against US$ 64.2 million.
Stocks that contributed significantly to the volumes are CNERGY, WTL, GGL, PRL, and MLCF.
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