Karachi, September 2, 2019: After encountering a technical glitch at start, Pakistan Stock Exchange progressed well during the day, led by across the board buying activity in E&P, Banks, Cement and Steel Sectors.
The main reason behind the surge in
Besides, expectation of lower inflation
The Index closed at 30,057 points as against 29,672 points showing an increase of 385 points (+1.3 percent DoD). Sectors contributing to the performance include Commercial Banks (+130 points), E&P (+71 points),
Volumes decreased from 110.0 million shares to 77.4 million shares (-29.6 percent DoD). Average traded value decreased by 34.7 percent to reach US$ 16.5 million as against US$ 25.3 million.
Stocks that contributed significantly to the volumes include WTL, MLCF, OGDC, KEL and TRG, which formed 39 percent of total volumes.
Stocks that contributed positively include PPL (+46 points), BAHL (+32 points), FFC (+27 points), UBL (+26 points) and HBL (+23 points