PSX Close: Charts Show Green

After the general election date was announced yesterday, investors were hopeful about market sentiment.

The prior day's breach of the 46,000-point barrier and weekly close above it indicate a sustained market uptrend.

During the week, the KSE-100 index rose 667.63 points (1.46%).

The index moved between 46,500.45 (+298.32) and 46,181.99 (-20.14) points today.

KSE100 Index volume was 94.48 million shares.

Of the 100 index companies, 62 closed up, 28 down, 3 unchanged, and 7 untraded.

Power Generation & Distribution had 63.6 points, Commercial Banks 48.15, Oil & Gas Exploration Companies 47.98, Inv. Banks / Inv. Cos. / Securities Cos. 17.03, and Pharmaceuticals 14.88.

The index gained points from HUBC (62.56), PPL (32.36), FFC (15.54), DAWH (14.67), and UNITY (12.9).

Technology & Communication (22.1), Cement (22.02), Automobile Assembler (3.93), Miscellaneous (3.91), and Insurance (0.79 points) dragged down the KSE100 Index

SYS, ENGRO, MTL, NESTLE, and TRG lowered the index with 13.31, 13.0, 12.62, 11.77, and 8.81 points.

Market-wide, the All-Share index rose 149.73 points to 31,002.98.

Market volume was 172.894 million shares, up from 172.159 the previous session, and traded value was 6.27 billion, up Rs.0.92 billion.

103,610 trades were reported in 319 companies, with 195 up, 97 down, and 27 unchanged.