KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 297 points on Monday.
The index closed at 45,375 points as against last Friday’s closing of 45,078 points, showing an increase of 297 points.
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Analysts at Arif Habib Limited said that bulls ruled over the bears today as Pakistan eyes $3 billion loan from China.
Market opened on a positive note and stayed in the green zone throughout the day. Main board activity remained gloomy.
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On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, profit taking was witnessed due to rising Covid-19 cases.
Sectors contributing to the performance include Banks (+65.0 points), Fertilizer (+40.9 points), Technology (+32.9 points), E&P (29.6 points) and Chemical (+22.6 points).
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Volumes decreased from 258.9 million shares to 251.7 million shares (-2.8 per cent DoD). Traded value increased by 5.4 per cent to reach US$ 48.5 million as against US$ 45.9 million.
Stocks that contributed significantly to the volumes include TREET, WTL, TRG, WAVES and HUMNL.
