KARACHI: Pakistan stocks ended up by 50 points on Tuesday in a mixed trading session due to markets was waiting decision from the Supreme Court.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 39,894 points from previous day’s closing of 39,844 points, showing a gain of 50 points.
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Analysts at Topline Securities said that Pakistan equities had a mixed session today as all eyes were on Supreme Court Verdict (scheduled to be announce at 5:45 PM today) regarding recently held Voting at Punjab Assembly for the Chief Minister Position.
The KSE 100 index initially opened on a negative note and made an intraday low at 39,713 (-131 points; down 0.33 per cent).
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However, some buying interest kicked in at the aforesaid low level and assisted market to gain some lost ground by making an intraday high at 40,135 points (+291 points; up 0.73 per cent) before eventually settled at 39,894 points (+50 points; up 0.13 per cent) for the day.
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OMC, Banks, E&P, Tech and Chemical sector stocks contributed positively to the index where PSO, MEBL, POL, TRG & LOTCHEM added 73 points, cumulatively. On the flip side, HUBC, INDU and BAFL have witnessed some profit taking as they lost 37 points collectively, today.
Around 131 million shares traded today at the bourse while total value clocked in at Rs4.2 billion.
TPLP led the volumes chart today with trading of 19.63 million shares in it, today.
