KARACHI: Pakistan stock gained 187 points on Wednesday in a mixed trading session during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,984 points from previous day’s closing of 42,979 points, showing an increase of 187 points.
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Analysts at Topline Securities said that Pakistan equities had a range bound day today.
The KSE-100 index initially opened in a green zone but succumbed to selling pressure as Pakistan Credit Default Swap (CDS) further increased to 75.50 per cent.
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This development put some weigh on market sentiments which directed index towards intraday low at 42,729 (-68 points; down 0.15 per cent).
At the aforesaid level, buying interest kicked in which supported market to made an intraday high at 43,098 (+300 points; up 0.70 per cent) before eventually settled at 42,984 (+187 points; up 0.44 per cent) for the day.
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During the day, Fertilizer, Tech & Power sector stocks contributed positively to the index where ENGRO, TRG, DAWH, SYS & HUBC added 261 points, cumulatively. On the flip side, PPL, OGDC and HBL have witnessed some profit taking as they lost 45 points collectively, today.
Around 185 million shares traded today at the bourse while total value clocked in at Rs6.6 billion. UNITY led the volumes chart today with trading of 19.4 million shares in it, today.
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