PSX gains 170 points

PSX gains points

Islamabad, December 14, 2023 : The trading day for Pakistani equities commenced with a downward trend, extending its decline to revisit the previous day’s lows at around 64,400.

However, buyers stepped in and effectively maintained support at this level once again. The market index then traded within a specific range for the remainder of the session, concluding at 65,450, reflecting a gain of 170 points or 0.26%.

During the trading hours, positive contributions from stocks in the Fertilizer, OMC, and Bank sectors, including PPL, FFC, OGDC, BOP, and MCB, collectively added 271 points. Conversely, stocks such as MEBL, UBL, and HUBC resulted in a combined loss of 112 points.

The day witnessed robust trading activity, with a total of 981 million shares exchanged on the stock exchange, amounting to a total value of Rs 23.7 billion. KOSM led the volumes chart with the trading of over 160 million shares.

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