PSX Ending Bell: Hold on
Starting the week, bulls dominated the local stock market, with the benchmark KSE-100 index rising 539.09 points or 1.06% to 51,482.92.
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In today's meeting, the central bank maintained the policy rate, and the market expects a lower CPI number this week.
The index reached 51,501.82 (+557.99) and 50,971.84 (+28.01) points today.
KSE-100 Index volume was 137.435 million shares.
Out of 100 index companies, 68 closed up, 19 closed down, 1 was unchanged, and 12 were untraded.
Cement had 100.74 points, Fertilizer 84.64, Power Generation & Distribution 67.18, Inv. Banks / Inv. Cos. / Securities Cos. 62.16, and Oil & Gas Exploration Companies 57.16.
The index gained points from HUBC (63.66), DAWH (57.28), LUCK (56.74), UBL (44.92), and MEBL (43.62).
A positive International Monetary Fund (IMF) evaluation this week also has the market upbeat.
Technology & Communication (27.25), Miscellaneous (19.22), Modarabas (0.77), Textile Spinning (0.2), and Real Estate Investment Trust (0.17 points) dragged down the KSE-100 Index.
HBL, BOP, SYS, PSEL, and TRG lowered the index with 29.63, 19.81, 18.26, 14.58, and 11.06 points, respectively.
Market-wide, the All-Share index closed at 34,265.21, up 359.07 points.
Total market volume was 286.622 million shares, up from 350.835 the previous session, and traded value was Rs11.45 billion, up Rs0.84bn.
350 businesses recorded 143,859 trades, with 232 up, 99 down, and 19 unchanged.
