The Pakistan Stock Exchange (PSX) continued its upward trend on Friday, with the KSE-100 reference index winning 489.75 points, current index in 131,176.40, an increase of 0.37% during trade per day.
The index reached a maximum intradic of 131,411.40 and a minimum of 130,716.10 during the negotiation session.
The negotiation volume stood at 73.6 million shares, with a total value of more than 7.7 billion, reflecting a sustained purchase activity in several sectors.
Friday’s session followed a similar upward trend seen the previous day, when the index closed to 130,686.65.
Earlier on Thursday, the KSE-100 index extended its ascending trajectory to close in a new historical maximum with the addition of 342.63 points.
Read: Stocks continue with bull, they reach fresh peak
The rally was directed by index sectors, particularly oil and gas, banking and energy. However, the general trade remained mixed.
Among the main triggers, Pakistan’s currency reserves increased $ 5.1b to $ 14.5b for the end of fiscal year 2015.
“The shares closed higher in a new historical maximum after the Government reduced the NSS rates (national savings scheme), which will push investors to the shares, and the state bank’s foreign exchange reserves reached $ 14.5b,” said Arif Habib Corp MD Ahsan Mehanti.
Arif Habib Limited (AHL) reported that the KSE-100 index experienced bidirectional volatility around the level of 130,000, but managed to maintain the key level nearby.
Some 53 shares advanced while 46 decreased. The main taxpayers to index profits were the oil and gas development company (+2.77%), UBL (+1.32%) and the power of the cube (+2.26%).
On the other hand, the largest lags were Bank to Habib (-4.14%), McB Bank (-2.46%) and Meezan Bank (-1.6%), he said.
WorldCall Telecom was the volume leader with operations at 49.5 million shares, falling RS0.02 to close at RS1.59.
It was followed by the Pakistan image with 36.7 million shares, increasing RS2.87 to close at RS32.47 and the Punjab bank with 35.1 million shares, losing RS0.02 to close at RS11.52.
Foreign investors sold shares worth RS909M, the National Clearing Company reported.
