Stocks manage modest gains in choppy session.
KARACHI -- Stock prices inched up on Monday in a mixed trading session on the Pakistan Stock Exchange.
Arif Habib Ltd said stocks traded on the lower side initially but the trend line shifted afterwards as the index of representative shares started moving both ways. The delay in the conclusion of a staff-level agreement with the International Monetary Fund (IMF) coupled with ongoing political uncertainty kept investors at bay.
JS Global said the market volumes rose even though the increase was restricted to a handful of stocks. The broader market remained lacklustre in terms of volumes, it added.
As a result, the KSE-100 index settled at 40,000.37 points, up 58.32 points or 0.15 per cent from the preceding session.
The overall trading volume increased 38.1pc to 64.5 million shares. The traded value went up 93.3pc to $8.8m on a day-on-day basis.
Stocks contributing significantly to the traded volume included WorldCall Telecom Ltd (5m shares), Meezan Bank Ltd (4.7m shares), Telecard Ltd (4.3m shares), Fauji Cement Company Ltd (4.3m shares) and TRG Pakistan Ltd (2.7m shares).
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