KARACHI: Pakistan equities ended up by 227 points on Thursday as investors remained hopeful of IMF program.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,586 points from previous day’s closing of 41,359 points, showing a gain of 227 points.
READ MORE: Pakistan stocks gain 24 points in mixed sentiments
Analysts at Arif Habib Limited said that another affirmative day was witnessed at the PSX during the day.
The benchmark KSE-100 traded in the positive zone throughout the trading session as the investors remained optimistic on the Staff Level Agreement between the government and IMF for the 9th tranche of the Extended Fund Facility.
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Investors participation remained active all through the session maintaining the bullish momentum all day.
Volumes across the board remained healthy while the cement sector stayed in the spotlight.
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Sectors contributing to the performance include Cement (+88.7 points), Power Generation & Distribution (+49.2 points), E&P’s (+44.3 points), Fertilizer (+26.1 points), and Commercial Banks (+22.4 points).
Volumes increased from 162.9 million shares to 229.1 million shares (+40.6 per cent DoD). The average traded value also increased by 16.0 per cent to USD 26.3 million as against USD 22.6 million.
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Stocks that contributed significantly to the volumes are WTL, TELE, MLCF, SILK and HASCOL.
