KARACHI: Pakistan equities gained 76 points on Monday in mixed sentiments prevailed during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 40,784 points from last Friday’s closing of 40,708 points, showing an increase of 76 points.
READ MORE: Weekly Review: investors to keep eye on IMF loan program
Analysts at Arif Habib Limited said that the stock market PSX started off the week with mixed sentiments.
The market started in the positive territory but continued to trade in both directions as investors chose to remain passive during the trading session due to political uncertainty and the delayed IMF Program.
READ MORE: Pakistan stocks end down by 131 points in choppy trade
Volumes across the board stayed sluggish as investors await clarity on political and economic issues.
Sectors contributing to the performance include Commercial Banks (+86.1 points), Miscellaneous (+50.4 points), Cement (+17.7 points), Power Generation & Distribution (+17.7 points), and Automobile Assembler (+12.4 points).
READ MORE: Pakistan stocks remain depressed on rate hike fears
Volumes increased from 153.4 million shares to 158.1 million shares (+3.0 per cent DoD). The average traded value also increased by 15.4 per cent to USD 22.0 million as against USD 19.0 million.
Stocks that contributed significantly to the volumes are WTL, HUBC, TPLP, HBL and MLCF.
READ MORE: KSE-100 index gains 218 points on investors’ optimism
