Karachi: Pakistan Stock Exchange (PSX) KSE-100 index saw mixed session and KSE-100 Index rose in first half before profit-taking eroded most of intra-day gains. By end of session, KSE-100 Index rose 79.49 points or 0.2 percent to close at 40,205.54.

Selling pressure gripped stock market and it fell steadily for rest of session. Cement, banking and oil sectors closed with gains while automobiles ended the day in red. Chemical segment closed session on mixed note.

Sectors raising benchmark KSE-100 Index higher included banking (34.38 points), power generation and distribution (20.83 points) and cement (18.00 points).

Volume on all-share index rose to 89.2 million from 79.8 million on Wednesday while value of shares traded increased to Rs 2.76 billion from Rs 2.6 billion recorded in previous session. WorldCall Telecom was volume leader with 7.7 million shares followed by K-Electric Limited with 4.2 million shares and Pakistan Petroleum with 4 million shares.

Shares of 311 companies were traded on Thursday of which 138 registered an increase, 147 recorded fall and 26 remained unchanged.

Report from Arif Habib Limited stated, “Bourse opened with upbeat vibes due to progress in signing SLA between government and IMF for extended tranche.”

Published in The Daily National Courier, April, 14 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.