Karachi: Pakistan Stock Exchange (PSX) witnessed positive session and KSE-100 Index ticked up 0.76 percent amid optimism over budget measures. KSE-100 index closed trading session at 41,667.94, an increase of 314.96 points.

Trading began with jump however market traded flat for most part of session. Buying activity, towards end of session, accelerated gains. Automobile, fertiliser and banking sectors closed mixed while cement closed with loss. Oil and chemical spaced ended day in green.

Report from Arif Habib Limited stated, “Benchmark KSE-100 index opened with optimistic sentiments after whispers about positive advancements on budgetary reforms for financial year.”

Report from Capital Stake underlined, “Indices accumulated gains all day long while volumes surged from previous close.”

Sectors lifting benchmark KSE-100 index higher included oil and gas exploration (174.98 points), oil and gas marketing (77.47 points) and power generation and distribution (30.17 points).

Volume on all-share index soared to 145.2 million from 99.55 million on Friday, while value of shares traded jumped to Rs 4.7 billion from Rs 3.3 billion recorded in previous session.

WorldCall Telecom was volume leader with 16.8 million shares followed by Sui Northern Gas Pipelines Limited with 9.75 million shares and Pakistan Petroleum with 9.4 million shares.

Shares of 321 companies were traded of which 183 registered an increase, 107 recorded fall and 31 remained unchanged.

Published in The Daily National Courier, June, 06 2023

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