Stock Market Continues Gains
PSX 100 index closed at 210 points amid late profit-taking after witnessing a peak during the early session. The market had picked up after a news of agreement between Pakistan and IMF.
It sheds for a few days due to profit taking and cross border tensions with Afghanistan.
Earlier, Pakistan Stock market opened with a gain of 1592 points or 0.95 percent in early trade. It touched 167068 points in opening hours of trad at 9:36 am.
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The KSE-100 Index concluded the session at 165,686 points, posting a gain of 210 points. The day remained broadly volatile, reflecting a mix of investor sentiment, as the index swung between an intraday high of 167,561 and a low of 165,357. This fluctuation came amid profit-taking activity, following the sharp rally witnessed in the previous session.
Market momentum was buoyed by strong performances in FFC, MEBL, Mari, BAFL, and PSEL, which collectively added 574 points to the benchmark index. However, their gains were partially neutralized corrections in SYS, LUCK, and EFERT, which together eroded 388 points.
Investor interest remained resilient, with total traded volumes soaring to 1,526 million shares, while the market turnover reached an impressive Rs. 68.5 billion.
