Pakistan stocks end up 63 points in range bound trading

Pakistan stocks end up 63 points in range bound trading

KARACHI: Pakistan stocks ended up 63 points on Thursday owing to range bound trading activity witnessed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,603 points from previous day’s closing of 41,540 points, showing an increase of 63 points.

READ MORE: Pakistan stocks plummet on long march announcement

Analysts at Topline Securities said that Pakistan equities closed slight positive where benchmark KSE-100 Index settled at 41,602 level (up 0.15 per cent).

Range bound activity witnessed at the bourse today where market make an intraday high of 171 points and low of 221 points.

READ MORE: Pakistan equities end down 157 points amid profit taking

Major positive contributors in today’s trading session were TRG, FABL and POL cumulatively added 89 points in KSE-100 Index, on the other hand HUBC, PPL and SEARL cumulatively dented the Index the 54 points.

On the results front, PPL announced its 1QFY23 EPS at Rs9.78, PAEL announced 3Q2022 EPS at Rs0.41, KOHC announced its 1QFY23 EPS at Rs8.89, BAHL announced its 3Q2022 EPS at Rs4.9, NML announced its 1QFY23 EPS at Rs11.8.

READ MORE: Stocks gain 134 points in range bound trading

Traded volume and value for the day stood at 203.3 million shares (down by 23 per cent) and Rs6.36 billion (down by 17.5 per cent) on DoD basis respectively. WTL was today`s volume leader with 22.93 million shares.

READ MORE: Weekly Review: market to stay positive after Pakistan exit from FATF grey list