KSE-100 up 158pts on oil, gas scrips

Business May, 23 2024
KSE-100 up 158pts on oil, gas scrips
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Karachi: Pakistan Stock Exchange’s benchmark KSE-100 Index regained 75,000 level as index managed to post modest gains amid cautious trading. Index swayed both ways during trading before closing in green.

At close, benchmark index settled at 75,114.47, up by 157.80 points or 0.21 percent.  Sectors driving KSE 100 forward included power generation and distribution (+101.58pts), oil and gas exploration (+78.36pts) and oil and gas marketing (+20.99pts), brokerage house said. Volume on all-share index increased to 758.94 million from 584.48 million session ago. Value of shares declined to Rs 16.71 billion from Rs 17.71 billion in previous session. K-Electric Ltd was volume leader with 191.62 million shares, followed by WorldCall Telecom with 94.78 million shares and Symmetry Group Ltd with 47.72 million shares. Shares of 376 companies were traded on Thursday, of which 192 registered an increase, 156 recorded fall while 28 remained unchanged. “Positive sentiments brewed at PSX. Indices oscillated between both directions until finally closing in green. Volume rose compared to preceding day,” brokerage house Capital Stake said in its post-market report.

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