KARACHI: Pakistan stocks have gained around 400 points on Wednesday owing to positive sentiments prevailed during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,495 points from last trading on August 05, 2022 of 42,096 points, showing an increase of 399 points.
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Analysts at Arif Habib Limited said that the PSX witnessed a positive session on Wednesday August 10, 2022.
“The KSE-100 index traded in the green zone throughout the day as investors opted for value hunting across the board,” they added.
READ MORE: Pakistan stocks up 671 points on continuous rupee gain
The E&P sector remained in the limelight following the rumors of circular debt resolution by the government. Investors participation remained healthy as hefty volumes were witnessed in the main board and 3rd tier stocks.
Sectors contributing to the performance include Banks (+156.4 points), E&P (+108.0 points), Fertilizer (+56.1 points), Power (+55.0 points) and Technology (+42.7 points).
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Volumes decreased from 406.7 million shares to 373.2 million shares (-8.2 per cent DoD). Average traded value increased by 13.7 per cent to reach US$ 59.6 million as against US$ 52.4 million.
Stocks that contributed significantly to the volumes are CNERGY, PRL, TPLP, LOTCHEM and WTL.
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