LAHORE: After a rough five sessions, Pakistan Stock Exchange (PSX) managed to post a positive close. The index moved facing the north right from the word go! With foreign investors being net sellers for the first three sessions of the week, the market failed to post a close in the green then.
The benchmark KSE 100 index gathered 387.34 points during the session to post intraday high of 44,436.39 before it settled higher by 206.43 points at 44,255.48. The KMI 30 index appreciated 850.98 points to touch days high and closed up 718.75 points at 75,328.77. The KSE All Share Index settled flat. The All Share Index could only inch up 3.91 points to 214 advancers and 146 decliners.
The market volumes remained thin compared to the previous session with 59.79 million fewer shares traded to 228.32 million on Thursday. Worldcall Telecom Limited (WTL +5.12 per cent) was again top pick among traders who exchanged 23.82 million shares of the script. Fauji Foods Limited (FFL -3.44 per cent) posted total volume of 13.15 million followed by Aisha Steel Mills Limited (ASL +3.16 per cent), volume 10.89 million.
The largest sectors by market capitalisation showed only small movements. The commercial bank sector inched by a minimal 0.02 per cent on Thursday, meanwhile, the oil and gas exploration sector did not impress with a mere 0.60 per cent. The third largest sector, food and personal care sector was down 0.05 per cent.
Dawood Hercules Corporation Limited (DAWH +4.99 per cent) notified the exchange about interest of Mega Conglomerate (Pvt) Ltd in the acquisition of 15.80 per cent of its holding in Hubco Power Company Limited (HUBC +1.93 per cent) at a purchase price of Rs 106.50 per share.
