Karachi: Pakistan Stock Exchange (PSX) KSE-100 index extended winning run for 11th consecutive session as KSE-100 Index surged 0.38 percent to close above 42,000 point barrier. By end of session, KSE-100 Index was up 160.29 points to close at 42,087.93 points.

Cement and chemical sectors closed in green while automobile and banking spaces ended day in loss. Fertiliser and oil sectors closed on mixed note.

Sectors driving benchmark KSE 100 index north included cement sector (134.10 points), paper and board sector (21.03 points) and oil and gas exploration sector (16.85 points).

Volume on all-share index rose to 289.8 million from 220 million on Tuesday while value of shares traded increased to Rs 10.2 billion from Rs 6.25 billion recorded in previous session.

WorldCall Telecom was volume leader with 55.3 million shares followed by Habib Bank with 23.5 million shares and Maple Leaf Cement with 16.5 million shares. Shares of 365 companies were traded on Wednesday of which 160 registered an increase, 180 recorded fall and 25 remained unchanged.

Report from Capital Stake stated, “Indices traded in green for most part of day while volumes appreciated from last close.”

Arif Habib Limited stated, “Benchmark KSE-100 index opened with same optimistic feelings as previous close, as trade deficit shrank by 39.62 percent year-on-year to $ 23.71 billion in 10MFY23, providing investors sense of optimism.”

Published in The Daily National Courier, May, 04 2023

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