KARACHI: Pakistan equities ended up 46 points on Thursday amid investors opted for profit taking during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 40,804 points from previous day’s closing of 40,758 points, showing an increase of 46 points.
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Analysts at Arif Habib Limited said a positive session was witnessed at the PSX during the day.
The market opened in the green and went on to reach an intraday high of 461.47 points before trading in the same range for the remainder of the day.
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However, during the final trading hour, investors chose to book profits on their positions, dragging the index down. Volumes remained robust across the board, however, the E&P and cement sectors remained in the limelight.
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Sectors contributing to the performance include Miscellaneous (+72.7 points), Cement (+39.0 points), Chemical (+18.8 points), Inv. Banks / Inv. Cos. / Securities Cos. (+16.9 points), and Food & Personal Care Products (+15.7 points).
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Volumes decreased from 189.4 million shares to 175.4 million shares (-7.4 per cent DoD). The average traded value also decreased by 15.7 per cent to USD 25.8 million as against USD 30.6 million.
Stocks that contributed significantly to the volumes are WTL, PRL, ASCR2, PPL and MLCF.
