KARACHI: Pakistan stocks gained 25 points on Friday in a range bound trading observed throughout the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 44,551 points as against previous day’s closing of 44,526 points, showing an increase of 25. points.
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Analysts at Arif Habib Limited said that the market opened on a positive note and stayed range bound throughout the day due to expectation of unchanged policy rate in upcoming monetary policy.
Main board activity remained dull. In the last trading hour, value buying was observed.
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Sectors contributing to the performance include Fertilizer (+62.3 points), Cement (+22.4 points), Technology (+19.6 points), Banks (10.2 points) and Chemicals (+7.9 points).
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Volumes decreased from 188.7 million shares to 134.8 million shares (-28.6 per cent DoD). Traded value also decreased by 35.7 per cent to reach US$ 26.7 million as against US$ 41.5 million.
Stocks that contributed significantly to the volumes include FLYNGR1, TRG, YOUW, WTL and GGL.
