The stocks have raised with much uncertainty. Also with the chaotic atmosphere in the country that involves ongoing protests has deserted the investors.
Arif Habib Ltd said that besides the interest of investor’s participation a beneficial session was conducted at the PSX (Pakistan Stock Exchange). The benchmark KSE 100-share Index of the Pakistan Stock Exchange (PSX) increased by 124.32 points or 0.30 percent to close at 41,264.66 points compared to the previous session’s 41,140.34 points. The maximum index for the day was 41,376.09 points, while the day’s lowest level was 41,140.34 points.
The Analyst Ahsan Mehanti at Arif Habib Corp said stocks are higher amid trade as investors put strong recovery pressure on maintaining trade amid political crises. He further said the catastrophic floods acquired from the World Bank and other international equities also serve a crucial role. KSE -30 increases by 20.35 points (0.14 %) to 15,061.46 compared with 15,041.11 points set down.
By 80 million the traded share decreased from 177.761 to 97.476. The value of trade dropped from Rs 4.656 billion to Rs 2.501. The market narrowed from Rs 6.673 trillion to Rs 6.663 trillion. Of around 332 companies, 167 closed in green 135 in red, and 30 remained constant.
Around 0.33 percent of the KSE 100 Index gained on monthly bases. The market remained stable however, in the end, observed pressure due to the PTI’s Long march announcement. Many stocks recorded a turnover were Silk Bank Ltd, Hum Network, Hascol Petrol, Agritech Limited, Nishat ChunPow, K-Electric Ltd, Cnergyico PK, and TRG Pak Ltd were observed.
