KSE-100 keeps positive momentum for 10th consecutive session

KSE-100 keeps positive momentum for 10th consecutive session

KARACHI: Benchmark KSE-100 of Pakistan Stock Exchange (PSX) continued its positive momentum for the 10th consecutive session to close at 36,142 level on Thursday.

These past 10 days have returned 7.2 percent (2,423 points), analysts at Topline Securities said.

Market was led by financial and E&P sectors while Pharmaceutical and Cement sector saw profit taking. Investor interest was also observed in technology sector where AVN and NETSOL closed 7.5 percent higher as the sector is doing well given IT service demand has increased during the COVID-19 pandemic.

Traded volume and value for the day increased by 47 percent and 20 percent on DoD basis to 467 million shares (highest volume of 2020) and Rs.15.6. billion (highest since 21 April-2020) respectively. UNITY was today`s volume leader with 40.6 million shares.

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