KARACHI: Pakistan stocks gained 79 points on Thursday as the market witnessed range bound session during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,086 points from previous day’s closing of 42,007 points in the interbank foreign exchange market.
READ MORE: Pakistan stocks fall 148 points in lackluster trading
Analysts at Arif Habib Limited said that another range bound session was witnessed at the PSX on Thursday.
Despite opening in the green zone the benchmark KSE-100 index recorded a lackluster session as investor participation remained low, which caused the volumes to decline sharply.
READ MORE: Pakistan stocks end down on profit taking
The market fluctuated in both directions but ended up in the green as the IT sector remained in the limelight.
Sectors contributing to the performance include Technology (77.1 points), E&P’s (15.5 points), Refinery (8.1 points), Chemical (8.0 points) and Fertilizer (6.6 points).
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Volumes decreased from 238.6 million shares to 222.2 million shares (-6.9 per cent DoD). The average traded value increased by 22.8 per cent to USD 44.3 million as against USD 36.05 million.
Stocks that contributed significantly to the volumes are WTL, TRG, PRL, NETSOL and TELE.
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