Market Daily: Benchmark KSE-100 index gains 414.36 points

LAHORE: After bloodshed in the last session, investors at the Pakistan Stock Exchange (PSX) were hoping for a normal day. As global markets seem to have found the path to recovery, the local market crawled up too. The benchmark indices showed positive sentiments all throughout the day with increased market participation.

The benchmark KSE 100 index jumped higher by 414.36 points to 44,299.87 intraday and settled up 210.98 points at 44,096.49. The KMI 30 index recovered 313.53 points to 74,718.03 while the KSE All Share Index gathered 162.12 points. The advancers to decliners ratio stood at 169 to 186.

The market volumes swelled up from 237.96 million of the previous session to 269.99 million. TRG Pakistan Limited (TRG -0.05 per cent) was on top of the ladder with 26.85 million shares traded. Azgard Nine Limited (ANL +6.05 per cent) followed with 22.77 million shares exchanging hands.

The company had recently announced that the creditors of the company had prepared a scheme of arrangement to reorganise and restructure the obligations of ANL towards its creditors. The scheme of arrangement was filed with the Lahore High Court for approval.

Article continues after this advertisement

The top gainer was the food and personal care sector which boosted its market capitalisation by 3.13 per cent. Refinery sector was next with 2.94 per cent added to its market capitalisation. Byco Petroleum Pakistan Limited (BYCO +5.69 per cent) enjoyed another good trading day after it brought its gasoline output up five times to 1,500 tons/day as the company’s second unit started production.

- Advertisement -
- Advertisement -

Must Read

PSX closes flat in range-bound session amid lack of triggers

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a range-bound session on Wednesday, with the benchmark KSE-100 Index shedding 6.62 points (-0.02 percent) to close...