- Index adds 272 points from last week despite fragile macroeconomic indicators
KARACHI: The Pakistan Stock Exchange (PSX) put up a mixed show on Friday, as the market participation remained low with investors concentrating mostly on the blue-chip stocks.
The market ended the last session of the week on a positive note, cumulatively adding around 272 points from last week. Foreign investors were seen as net sellers throughout the week, taking their month-to-date net amount of $26.28 million (until November 15, 2018).
Investors preferred to remain on the sidelines owing to economic uncertainty and fragile macroeconomic indicators, which led to volatility in the market. The total volumes for the day remained at 201.18 million.
As much as 47 per cent of all the trade was associated with scripts in the KSE 100 index. Lotte Chemical Pakistan Limited (LOTCHEM +0.71 per cent) was the volume leader with 19.31 million shares exchanging hands, followed by Pakistan International Bulk Terminal Limited (PIBTL +0.47 per cent) with 13.68 million shares and Siddiqsons Tin Plate Limited (STPL -0.10 per cent) with 13.48 million shares.
Large sectors ended the session with minor changes. The commercial bank sector inched higher by a minor 0.53 per cent with United Bank Limited (UBL +3.42 per cent) taking the lead.
Oil and gas exploration sector climbed up by 1.15 per cent with Pakistan Oilfields Limited (POL +3.21 per cent) ending the session as the top gainer. The chemical sector topped its market capitalization by 2.01 per cent and inflated the most during the session.
On the whole, the KSE All Share Index increased by 174.85 points to 30,019.95, the KSE 100 index was up 232.12 points at 41,660.75, while the KMI 30 index ended in green after gaining 420.61 points.
