KSE-100 index gains 199 points amid thin volumes

KSE-100 index gains 199 points amid thin volumes

KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 199 points on Thursday amid thin volumes.

The index ended at 45,991 points from the previous day’s closing of 45,792 points.

Analysts at Topline Securities said that Pakistan equities closed positive where benchmark KSE-100 Index settled at level 45,990 level.

The market opened on a positive note continuing its yesterday’s positive momentum amid low volumes.

Major positivity came from LUCK, COLG, FCCL, PSO and UBL cumulatively adding 153 points in KSE100 Index.

On the corporate front, LUCK announced its 1QFY22 EPS at Rs20.5 – Earnings higher than industry expectations. Further, SYS announced its 3Q2021 EPS at Rs7.53, PSO announced its 1QFY22 EPS Rs25.5, FCCL announced its 1QFY22 EPS at Rs0.98 and PSMC announced its 3Q2021 EPS Rs12.1.

Total traded volume and value clocked remained on the lower side at 197.7 million shares and Rs7.28 billion, respectively.

The volume leader for today was MERITR2 with 31.83 million shares traded during the session.

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