KSE-100 index gains 88 points in range-bound trading

KSE-100 index gains 88 points in range-bound trading

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 88 points on Tuesday in a range-bound trading activity.

The index closed at 45,732 points as against previous day’s closing of 45,644 points, showing an increase of 88 points.

READ MORE: Stocks plunge 435 points on rising international oil prices

Analysts at Arif Habib Limited said that the market witnessed range-bound activity today due to mounting international oil prices.

Index opened on positive note at the start of trading session and managed to close positive with 88 points.

READ MORE: Stocks gain 139 points in range-bound trading

In IPPs, HUBC remained under pressure due to disappointing financial result. In Banking sector, AKBL made the journey to lower circuit due to no payout in the financial result. Main board activity remained dull.

Sectors contributing to the performance include Fertilizer (+31.3 points), Technology (+31.1 points), Automobile (+18.6 points), Cement (14.4 points) and Inv. Banks (+10.8 points).

READ MORE: Stocks plummet by 400 points in dull trading

Volumes increased from 187.8 million shares to 274.6 million shares (+46.2 per cent DoD). Traded value also increased by 13.7 per cent to reach US$ 38.4 million as against US$ 33.8 million.

Stocks that contributed significantly to the volumes include WTL, KEL, TELE, TPLP and TRG. 

READ MORE: Stocks gain 392 points in bullish trading

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