Finance

KSE100 index stayed in green zone

Karachi, June 14, 2022: Positive session was observed at PSX today due to expectations of Pakistan’s exclusion from the grey list of FATF. KSE-100 index stayed in the green zone as investors opted for value hunting in the OMCs, E&P and Cement sectors. Volumes remained sluggish in the main board whereas 3rd tier stocks witnessed healthy volumes. 

The Index closed at 41,054.68 points, up by 174.8 points (+0.43% DoD). Sectors contributing to the performance include Banks (+52.6 points), E&P (+43.2 points), OMC’s (+32.1 points), Technology (+28.4 points) and Fertilizer (+15.6 points).

Volumes decreased from 163.8mn shares to 120.1mn shares (-26.7% DoD). Average traded value also decreased by 22.7% to reach US$ 16.6mn as against US$ 21.5mn.

Stocks that contributed significantly are UNITY, KEL, HUMNL, PRL and TPLP.

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