Stock market gains 138 points amid volatile trading

Stock market gains 138 points amid volatile trading

KARACHI: The stock market gained 138 points on Wednesday amid high volatile trading sessions during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 40,144 points from previous day’s closing of 40,007, showing a gain of 138 points.

Analysts at Topline Securities said that Pakistan equities end higher in a volatile session where benchmark KSE-100 Index settled at 40,144 level.

After positive opening benchmark KSE100 Index traded in a range of 330 points with thin volumes.

Upcoming public rallies by PDM as part of its anti-government drive, FATF preliminary session due next week and upcoming result season led the investors to remain hesitant.

SHEL and ANL closed at their respective upper circuits where on the other hand AICL, BAFL and POL declined.

Traded volume and value for the day decreased by 20 percent and 13 percent on DoD basis to 232 million shares and Rs.8.52 billion, respectively.

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