KARACHI: Pakistan stocks gained 154 points on Friday after following the global markets traded in positive zone.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,984 points as compared with previous day’s closing of 43,830 points, showing an increase of 154 points.
READ MORE: Pakistan stocks shed 1,302 points on Russia-Ukraine war
Analysts at Topline Securities said that in line with International markets KSE-100 Index traded in positive zone for the most part of trading session.
Major contribution to the index came from FFC, MEBL, ENGRO, PAKT and UNITY, as they cumulatively contributed 114 points to the index.
READ MORE: Equity market gains 121 points in volatile trading
On the flip side NBP, PPL, TRG, OGDC and MCB lost value to weigh down on the index by 107 points.
Traded volume and value for the day stood at 241 million shares (down by 31 per cent DoD) and Rs.6.73 billion (down by 23 per cent DoD) respectively.
READ MORE: Stocks plunge 351 points on high international oil prices
WTL was today`s volume leader with 33 million shares. INDU in automobile sector declared its 2QFY22 result announcement in which posted EPS of Rs.60.43 and interim DPS of Rs.30, which was in line with industry expectation.
PPL in the E&P sector also declared its 2QFY22 result in which posted PPL EPS of 5.41 and interim DPS of Rs.1.5, which was lower than industry estimate due to higher share of losses from associates.
