KARACHI: Pakistan stocks gained 126 points on Monday amid positive sentiments prevailed during the day.
The benchmark KSE1-00 index of Pakistan Stock Exchange (PSX) ended 42,211 points from last Friday’s closing of 42,085 points, showing a gain of 126 points.
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Analysts at Arif Habib Limited said that bulls and bears engaged in battle at the PSX today throughout the trading session.
In anticipation of a rate cut in the monetary policy today, the market opened in the green and remained positive for the majority of the day.
READ MORE: Pakistan stocks end down in mixed trading session
The main board volumes fell from the previous close as investors participation remained sluggish although 3rd tier stocks remained in the limelight.
Sectors contributing to the performance include Technology (+92.4 points), Cement (+36.2 points), E&P’s (+23.9 points), Chemicals (+16.9 points) and Cable & Electrical Goods (+13.2 points).
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Volumes decreased from 313.3 million shares to 240.2 million shares (-23.3 per cent DoD). The average traded value increased by 12.8 per cent to US$ 48.3 million as against US$ 42.8 million.
Stocks that contributed significantly to the volumes are WTL, PAEL, TRG, UNITY and LOTCHEM.
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