KSE-100 gains 177 points in volatile session.


KARACHI -- The Pakistan Stock Exchange (PSX) witnessed a rollercoaster ride on Friday, with the indices changing directions throughout the day before ending in the green zone. The market remained mixed throughout the trading week with the benchmark KSE-100 Index settling higher only by 0.79pc after five trading sessions. On Friday, the KSE-100 Index jumped by 399.05 points to touch its intraday at 41,054.42. However, failing to sustain its gains, the index dipped by 161.38 points and recorded its intraday low at 40,493.99. It finally settled higher by 177.62 points at 40,832.99. The KMI-30 Index swelled by 465.76 points to close at 65,875.09 while the KSE All Share Index gained 251.53 points, ending at 29,118 points.

The advancers-to-decliners ratio was almost in equal proportion, with 155 advancers and 163 decliners. The overall market volumes dropped to 180.46 million, while the traded value stood at $55.08 million. Right Shares of Hascol Petroleum Limited (HASCOLR1 -6.18pc) topped the volume chart, followed by Fauji Foods Limited (FFL -2.94pc) and Unity Foods Limited (UNITY +1.36pc). The scripts had exchanged 18.56 million, 14.17 million and 8.73 million shares, respectively. Among the top traded sectors, the oil and gas...

To continue reading