KSE-100 recovers to close at 48,706

The Pakistan Stock Exchange started the week with a recovery in the benchmark KSE-100 index, registering an increase of 297 points (0.61pc), to close at 48,706.

Trading activity was most witnessed in commercial banking, engineering, and power generation and distribution sectors.

A total of 55.8m shares worth Rs4.01 b were traded on the bourse today..Stocks of 374 companies’ shares were traded, of which 213 gained in value, 147 declined and 14 remained unchanged.

The trading volume was lower than usual  with K-Electric Ltd being the volume leader with 12.3m shares traded  in total, closing at a price of Rs 9.03 after a decrease of Rs  0.13 (1.44pc).This was followed by Aisha Steel Mill with a total volume of  10.4m shares traded at a closing price of Rs 23.36 after an increase if Rs1.11 (4.75pc).  Bank of Punjab had a total volume of 9.28m shares traded at a closing price of Rs16.27   after an increase of Rs  0.12 (0.74pc).

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