Karachi: Pakistan Stock Exchange (PSX) KSE-100 index witnessed bulls run as benchmark KSE-100 Index gained over 500 points on back of improved macroeconomic cues. By end of session, KSE-100 Index closed 508.48 points or 1.26 percent higher to settle at 41,007.82.

Across-the-board buying was witnessed with index-heavy sectors including, automobile, cement, chemical, commercial banks and pharmaceuticals trading in green. “Moreover, closing factor due to upcoming Eid ul Fitr holidays also pushed market higher”. Analyst said positive results from some companies also played its part.

Sectors lifting benchmark KSE-100 higher included banking (169.84 points), fertiliser (150.73 points) and investment banking (68.26 points). Volume on all-share index jumped to 179.8 million from 84.2 million on Wednesday while value of shares traded increased to Rs 5.7 billion from Rs 3.63 billion recorded in previous session.

WorldCall Telecom was volume leader with 22.2 million shares followed by Fauji Foods with 21.9 million shares and Pak Refinery with 11.5 million shares. Shares of 309 companies were traded on Thursday of which 192 registered an increase, 100 recorded fall and 17 remained unchanged.

Published in The Daily National Courier, April, 21 2023

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