Finance

PSX index closed on positive note

Karachi, June 09, 2022: The PSX remained positive throughout the day due to strengthening of Pak Rupee against US Dollar and accumulation of value stocks. Pharmaceutical and Technology sectors remained in the limelight due to rumors of tax relief in the upcoming budget. Mainboard activity gained momentum while hefty volumes were observed in the 3rd tier stocks.

The Index closed at 41,735.96 points, up by 182.80 points (+0.44 percent DoD). Sectors contributing to the performance include E&P’s (+44.5 points), Technology (+32.3 points), Power (+29.9 points), Pharmaceuticals (+29.2 points) and Investment Banks (+23.1 points).

Volumes increased from 151.1 million shares to 235.34 million shares (+55.7 percent DoD). Average traded value also increased by 22.0 percent to reach US$ 27.3 million as against US$ 22.4 million. Stocks that contributed significantly to the volumes are TPLP, WTL, UNITY, HASCOL and GGL.

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