- The benchmark index closes at 42,085.72 points.
- KSE-100 oscillated in both directions.
- Volumes have fallen from the previous closing.
KARACHI: The Pakistan Stock Exchange (PSX) saw tumultuous trading on Thursday, with the benchmark KSE-100 index gaining roughly 80 points in line with global equities markets, which showed conflicting patterns.
Systems Limited finished 4.96% higher, indicating positive investor sentiment. As a consequence, equities in the IT industry piqued investor attention.
The benchmark KSE-100 oscillated in both directions, while volumes fell from the previous close.
The auto industry remained under pressure as a result of September’s abysmal vehicle sales figures, which showed a 7% month-on-month fall.
Engro Powergen Qadirpur Limited (EPQL) declared third-quarter profits per share and dividend per share of Rs3 apiece, with the stock closing at the upper limit.
The benchmark KSE-100 index finished at 42,085.72 points, up 78.58 points or 0.19%.
Intraday trading curve for the benchmark KSE-100 index. — PSX data site
Intraday trading curve for the benchmark KSE-100 index. — PSX data site
According to Arif Habib Limited, another range-bound session was seen at the PSX today.
“Despite beginning in the green zone, the benchmark KSE-100 index posted a dismal day as market activity remained low, causing volumes to fall considerably,” the brokerage firm said.
The market swung in both directions but finished up in the green as the IT industry stayed in the spotlight.
Technology (77.1 points), exploration and production (15.5 points), refinery (8.1 points), chemical (8 points), and fertiliser (8 points) all contributed to the performance (6.6 points).
During the session, 341 different firms’ shares were exchanged. At the conclusion of trade, 158 scrips were in the green, 161 were in the red, and 22 were unchanged.
Overall trading volumes increased to 222.22 million shares, up from 238.65 million on Wednesday. The total value of shares exchanged throughout the day was Rs9.66 billion.
Worldcall Telecom was the volume leader, with 50.64 million shares traded, earning Rs0.01 to settle at Rs1.52. TRG Pakistan, with 23.19 million shares traded, lost Rs1.11 to end at Rs128.47, while Pakistan Refinery, with 9.60 million shares traded, gained Rs0.16 to settle at Rs17.98.
