KSE-100 closes with 133-point gain

Business May, 15 2024
KSE-100 closes with 133-point gain
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Karachi: Pakistan Stock Exchange’s benchmark KSE-100 Index closed trading session with gain of 133 points. KSE-100 started session with strong buying spree, hitting an intra-day high of 75,115.33.

However, some selling in later hours pushed index to an intra-day low of 74,440.88 before bulls regained their position and helped index close in green. At close, benchmark index settled at 74,663.98, up by 132.79 points or 0.18 percent. Buying was witnessed in key sectors including automobile assemblers, cement, chemical, commercial banks, oil and gas exploration companies, OMCs and refinery. Index-heavy stocks including OGDC, PSO, SNGPL, HBL and NBP were trading in green. Volume on all-share index marginally decreased to 572.42 million from 574.18 million session ago. Value of shares increased to Rs 25.95 billion from Rs 23.42 billion in previous session.

Searle Company was volume leader with 41.14 million shares, followed by Hum Network with 35.68 million shares and WorldCall Telecom with 32.67 million shares. Shares of 382 companies were traded on Wednesday, of which 148 registered an increase, 213 recorded fall while 21 remained unchanged.

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