KARACHI: Pakistan stocks gained 136 points on Wednesday amid investors were hoping positive outcome from China visit by the prime minister.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,945 points from previous day’s closing of 41,809 points, showing a gain of 136 points.
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Analysts at Arif Habib Limited said that another positive session was witnessed at the PSX today.
The benchmark KSE-100 index traded in the green for majority of the session, maintaining the momentum from the previous session, as investor remained hopeful for positive outcomes from the Prime Minister’s visit to China.
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Volumes improved significantly in the main board yet 3rd tier stocks remained in the limelight.
Sectors contributing to the performance include E&P’s (+60.3 points), Power Generation & Distribution (+48.2 points), Oil & Gas Marketing Companies (+39.6 points), Fertilizer (+19.5 points) and Automobile Assembler (+9.5 points).
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Volumes increased from 192.1 million shares to 230.6 million shares (+20.0 per cent DoD). The average traded value decreased by -1.3 per cent to USD 28.2 million as against USD 28.60 million.
Stocks that contributed significantly to the volumes are HASCOL, WTL, CNERGY, GTECH and TPLP.
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