Pakistan Stocks Show Modest Gain of 50 Points in Range-Bound Trading

Pakistan Stocks Show Modest Gain of 50 Points in Range-Bound Trading

Karachi, September 18, 2023 – Pakistan stocks made a modest gain of 50 points in a day of range-bound trading on Monday.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 48,803 points, showing an increase from the previous Friday’s closing of 48,753 points.

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Analysts at Zafar Securities reported that the KSE-100 index traded within a tight range, fluctuating by only 244 points throughout the day. Toward the end of the session, the index managed to secure a gain of 50 points or 0.11 percent, settling at 48,803 levels. Market participation declined as the session progressed.

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The trading volume for the day registered a significant decrease of 51.61 percent, with 131.1 million shares traded, valued at 4.6 billion rupees. This was in contrast to the 271 million shares traded in the previous session, with a trading value of 13.4 billion rupees.

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Among the 306 actively traded stocks, 144 advanced, 137 declined, and 25 remained unchanged. The highest trading volumes were recorded in PRL, AGL, WTL, DGKC, and MLCF, with 7.8 million, 6.2 million, 4.9 million, 4.7 million, and 4.6 million shares traded, respectively.

While the stock market’s performance remained relatively modest, market participants will continue to monitor economic and political developments for potential impacts on future trading sessions.

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