LAHORE: Pakistan Stock Exchange (PSX) saw massive gains during the last two trading sessions before a long weekend. The bleeding index improved a little, the dying volumes saw some life again as PML-N announced their PM candidate on Thursday followed by a consensus on the next finance minister on Friday.
The benchmark KSE 100 index jumped 809.44 points intraday to touch day’s high of 39,525.21. Getting closer to the 40,000 mark, the index settled the week at 39,428.21 after a gain of 755.12 points. The KMI 30 index also enjoyed the ride and added 1.92 per cent to move up to 66,658.03. The KSE All Share Index gathered 497.14 points to reach 29,021.93. The advancers to decliners ratio stood at 266 to 86.
The market volumes improved to 222.86 million with 98.50 million coming from the KSE 100 index scripts. Dewan Salman Fibre Limited (DSFL +8.33 per cent) led the volume chart with 17.13 million shares exchanged, Lotte Chemical Pakistan Limited (LOTCHEM +0.67 per cent) had 15.35 million shares traded trailed by TRG Pakistan Limited (TRG +4.37 per cent), volume 12.94 million.
The refinery sector was the best performer of the day with 6.08 per cent appreciation in its cumulative market capitalisation. Byco Petroleum Pakistan Limited (BYCO) touched its upper cap rising 8.55 per cent. Attock Refinery Limited (ATRL +5.00 per cent) and Pakistan Refinery Limited (PRL +4.99 per cent) also put a good show. The cement sector elevated 5.03 per cent and the engineering sector was higher by 4.83
The Pakistan Stock Exchange Limited will remain closed on Monday, December 25, 2017, being Public Holiday declared by the Government of Pakistan on the occasion of Quaid-e-Azam Day.
