KARACHI: Pakistan stock market has started the week on a positive note, with an increase of 58.32 points after mixed trading session.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 40,000.37 points from last trading day of March 24, 2023 at 39,942, showing a gain of 58.32 points.
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Analysts at Arif Habib Limited said that the PSX begun the week with a mixed session.
The benchmark KSE-100 index started in the red, but trends gradually shifted as the index traded both ways.
However, due to the delayed review of the IMF’s Extended Fund Facility and continued political uncertainty, investors were hesitant, which led to a decrease in trading volumes across all sectors.
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Sectors contributing to the performance include Technology & Communication (+48.3 points), Fertilizer (+32.5 points), Commercial Banks (+6.0 points), Cement (+6.0 points), and Chemical (+3.9 points).
Volumes increased from 46.7 million shares to 64.5 million shares (+38.1 per cent DoD). The average traded value also increased by +93.3 per cent to USD 8.8 million as against USD 4.5 million.
Stocks that contributed significantly to the volumes are WTL, MEBL, TELE, FCCL and TRG.
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