KSE-100 closes 335 points higher on fertilizer, OMCs
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KARACHI: Pakistan Stock Exchange (PSX) witnessed bullish sentiment as benchmark KSE-100 index closed higher by 335 points. Bulls largely dominated session amid some resistance from bears1.
At close, benchmark index settled at 78,275.65, up by 335.07 points or 0.43 percent. "Equity market ended on positive note, recovering some losses from recent sessions," brokerage house Ismail Iqbal Securities said in its post market report. Sectors that contributed positively session included fertiliser, E&P, power and OMCs. On other hand, banking, technology, chemical and pharma sectors were among negative contributors. Volume on all-share index increased to 469.75 million from 292.18 million session ago. Value of shares declined to Rs 19.77 billion from Rs 11.41 billion in previous session. WorldCall Telecom was volume leader with 57.65 million shares, followed by K-Electric Ltd with 37.64 million shares and WorldCall Telecom with 31.13 million shares. Shares of 454 companies were traded, of which 149 registered an increase, 248 recorded fall, while 57 remained unchanged