Stocks gain 47 points amid profit taking

Stocks gain 47 points amid profit taking

KARACHI: Pakistan’s stocks gained 47 points on Friday amid profit taking witnessed on the last trading day of the week.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,910 points as against previous day’s closing of 45,863, showing an increase of 47 points.

READ MORE: KSE-100 index ends down 256 points on profit taking

Analysts at Topline Securities said that the KSE-100 index largely remained in the positive session during the trading session, but some profit taking was observed in the second half of trading session as the index settled at 45,910 level, up by 0.10 per cent.

READ MORE: Stocks climb up 445 points ahead IMF announcement

Major contribution to the index came from FFC, MTL, PSO, OGDC and SHEL, as they cumulatively contributed 108 points to the index, whereas on the other hand SYS, POL, MEBL, TRG and FCCL lost value to weigh down on the index by 59 points.

READ MORE: Stocks gain 300 points on upcoming IMF announcement

Traded volume and value for the day stood at 191 million shares and Rs8.85 billion, respectively.

WTL was today`s volume leader with about 12.8 million shares.

READ MORE: KSE-100 index gains 297 points