KSE-100 index inches up in choppy sentiments

KSE-100 index inches up in choppy sentiments

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) increased by 54 points on Tuesday as investors’ sentiments remained choppy during the day.

The KSE-100 index closed at 43,883 points from the previous day’s closing of 43,829 points.

Analysts at Topline Securities said that the KSE 100 Index witnessed a volatile session, printed an intra-day low of 43,149 (down 1.55 per cent) and an intra-day high of 44,051 (up 0.51 per cent), to eventually close the day 43,883.

Sentiments remained choppy as the delay in the ISI chief notification kept the investors cautious.

Moreover, higher international oil prices kept concerns alive over inflationary pressures and further monetary tightening by the State Bank of Pakistan.

The commercial banks sector continued to see investor interest as the sector closed up on average 2.20 per cent for the day.

HBL, UBL, ABL, BAHL, BOP & BAFL cumulatively added 175.79 points to the benchmark index while on the other hand TRG alone dragged the index lower by 89.81 points and closed the day at 141.09, down 5.46 per cent for the day.

Volume saw a slight uptick as compared to yesterday with total traded volume and value clocking in at 404.85 million shares and Rs15.6 billion, respectively. The volume leader for today was WTL with 51.14 million shares exchanging hands.

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