KSE-100 gains 732pts on oil, gas, bank scrips

Business May, 15 2024
KSE-100 gains 732pts on oil, gas, bank scrips
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Karachi: Pakistan Stock Exchange (PSX) benchmark KSE-100 gained over 730 points to close above 74,000. KSE-100 started session on positive note and bulls remained dominated throughout session, especially in final hours.

At close, benchmark index settled at 74,531.19, up by 732.08 points or 0.99 percent. Buying was witnessed in sectors including commercial banks, fertiliser, oil and gas exploration companies and refinery. Index-heavy stocks of OGDC, PPL, PSO, SNGPL, HBL and NBP traded in green. Volume on all-share index decreased to 574.18 million from 721.6 million session ago. Value of shares declined to Rs 23.42 billion from Rs 25.65 billion in previous session.

Cnergyico PK was volume leader with 35.48 million shares, followed by WorldCall Telecom with 29.9 million shares and K-Electric Ltd with 28.17 million shares. Shares of 388 companies were traded on Tuesday, of which 190 registered an increase, 178 recorded fall while 20 remained unchanged.

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