Closing Bell for PSX: Good green

The benchmark KSE-100 Index saw a daily increase of 0.09%, or 41.19 points, to close at 47,493.57 points; weekly gains were registered by the index, totaling 2.73%, or 1,260.98 points.

With an intraday high of 47,619.26 (+166.88) points and a low of 47,402.58 (-49.80) points, the index fluctuated within a range of 216.68 points.

The KSE-100 Index had a total volume of 116.567 million shares.

Out of the 100 index companies, 2 stayed untraded, 3 were unchanged, 49 closed up, and 46 closed down.

Power Generation & Distribution (59.53), Auto Assembler (38.95), Technology & Communication (36.7), Investment Banks / Investment Companies / Securities Companies (21.54), and Fertilizer (13.96) were the sectors that bolstered the KSE-100 index.

HUBC with 50.79, MTL with 38.7, DAWH with 22.38, SYS with 21.42, and ENGRO with 14.63 points were the companies that added points to the index.

Oil and gas exploration companies scored 61.23, commercial banks 34.39, cement 30.19, miscellaneous 23.71, and oil and gas marketing companies 4.88 points, all of which detracted from the KSE-100 Index.

OGDC with 27.69, HBL with 27.19, PSEL with 23.25, PPL with 19.37, and POL with 12.47 points were the companies that pulled the index lower.

The All-Share index closed at 31,832.86 in the overall market, a net increase of 15.60 points.

The traded value was recorded at Rs7.18 billion, indicating a decrease of Rs1.81 billion, while the total market volume was 246.382 million shares, down from 462.866 from the previous session.

A total of 349 entities reported 123,552 trades, of which 189 ended in a gain, 138 in a loss, and 22 in an unchanged state.

In summary, the KSE-100 increased by 6,041 points, or 14.57%, in the fiscal year while the cumulative growth for the current calendar year is 7,073 points, or 17.5%, in the KSE-100.