KARACHI: Pakistan stocks gained 153 points on Friday in mixed trading sessions observed during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 40,001 points from last day’s closing of 39,848 points, showing a gain of 153 points.
READ MORE: Pakistan stocks shed 32 points in sluggish trading
Analysts at Arif Habib Limited said that the market had a mixed trading session this week, with both bulls and bears vying for control throughout the day.
The continuing political uncertainty and delay in signing the IMF’s Extended Fund Facility agreement kept investors cautious.
READ MORE: Pakistan stocks plummet by 434 points on negative sentiments
However, the market ended on a positive note, with a surge in buying activity during the last trading hour.
Main board volumes were sluggish, while 3rd tier stocks led the volume board.
READ MORE: Weekly Review: PSX investors’ sentiments linked to IMF program
The index closed at 40,000.83 points, up by 152.5 points (+0.38% DoD), with Commercial Banks, Cement, Fertilizer, OMCs, and Power Generation and Distribution sectors contributing to the performance.
Volumes increased to 112.2 million shares (+26.5% DoD), while the average traded value decreased by -1.4% to USD 13.9 million. PIBTL, PAEL, HASCOL, WTL, and WTL were among the top stocks contributing to the volumes.
READ MORE: Pakistan stocks fall 202 points as IMF program delay haunts investors
