KARACHI: Pakistan stocks gained 134 points on Monday as the market traded in a range bound session.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,347 points from last Friday’s closing of 42,213 points, showing an increase of 134 points.
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Analysts at Arif Habib Limited said that the benchmark KSE-100 index witnessed a range bound session during the day.
Despite having an astounding news that Pakistan has been taken off from the “grey list” of the Financial Action Task Force (FATF), the PSX was unable to capitalize from it because of political upheaval as investor’s participation remained sideways.
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The mainboard had reasonable volumes, although the top volume leaders remained the third-tier stocks.
Sectors contributing to the performance include Technology & Communication (46.9 points), Fertilizer (40.9 points), E&P’s (24.4 points), Power Generation & Distribution (22.6 points) and Automobile Parts & Accessories (7.2 points).
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Volumes decreased from 289.6 million shares to 226.7 million shares (-21.7 per cent DoD). The average traded value also dereased by -22.9 per cent to USD 27.5 million as against USD 35.6 million.
Stocks that contributed significantly to the volumes are WTL, DFML, PRL, HASCOL and TRG.
