KARACHI: Pakistan stocks ended positive on Monday despite political uncertainty because of long march initiated by the opposition party.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 41,264 points from last Friday’s closing of 41,140 points, showing an increase 124 points.
READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March
Analysts at Arif Habib Limited said that despite the lack of investors’ participations a positive session was witnessed at the PSX today.
Prevailing political clatter kept the volumes dry in the main board as 3rd tier stocks continued to be the volumes leaders.
READ MORE: Pakistan stocks observe bloodbath session amid political uncertainty
Sectors contributing to the performance include Technology & Communication (46.7 points), Power Generation & Distribution (32.5 points), Cement (21.5 points), E&P’s (16.2 points) and Automobile Assembler (12.1 points).
READ MORE: Pakistan stocks end up 63 points in range bound trading
Volumes decreased from 177.7 million shares to 97.5 million shares (-45.2 per cent DoD). The average traded value also decreased by -45.9 per cent to USD 11.3 million as against USD 20.9 million.
Stocks that contributed significantly to the volumes are WTL, GTECH, SILK, KEL and CNERGY.
READ MORE: Pakistan stocks plummet on long march announcement
