KSE-100 gains over 80 points after another volatile session



2022-02-15 18:40:00

— AFP/File
  • KSE-100 index edges up 87.61 points to settle at 45,731.70.
  • Shares of 336 firms have been traded throughout the session.
  • General buying and selling volumes rose to 274.6 million shares.

KARACHI: The benchmark KSE-100 index rebounded on Tuesday and posted a achieve of 88 points owing to uncertainty in worldwide oil costs coupled with hopes of easing geopolitical scenario.

The index shot up at first of buying and selling, nonetheless, traders began reserving revenue quickly after and a lot of the gains have been eroded by midday. The index turned largely range-bound in the direction of the tip of buying and selling. However, optimism helped the bourse finish the day with some gains.

On the shut, the benchmark KSE-100 index edged up 87.61 points, or 0.19%, to settle at 45,731.70 points.

Benchmark KSE-100 index intra-day trading curve. — PSX data portal
Benchmark KSE-100 index intra-day buying and selling curve. — PSX knowledge portal

Arif Habib Restricted in its post-market commentary famous the market witnessed range-bound exercise right now as a consequence of mounting worldwide oil costs.

The index opened on constructive be aware initially of buying and selling session and managed to shut constructive with 87 points.

The brokerage home famous that Hubco remained underneath stress as a consequence of disappointing monetary outcome. In the meantime, within the banking sector, Askari Financial institution made the journey to decrease circuit as a consequence of no payout within the monetary outcome. 

“Main board activity remained dull,” it stated.

Sectors contributing to the efficiency included fertiliser (+31.3 points), know-how (+31.1 points), vehicle (+18.6 points), cement (14.4 points) and funding banks (+10.8 points).

Shares of 336 firms have been traded throughout the session. On the shut of buying and selling, 200 scrips closed within the inexperienced, 118 within the pink, and 18 remained unchanged.

General buying and selling volumes rose to 274.6 million shares in contrast with Monday’s tally of 187.8 million. The worth of shares traded throughout the day was Rs6.75 billion.

WorldCall Telecom Restricted was the quantity chief with 91.89 million shares traded, dropping Rs0.09 to shut at Rs1.96. It was adopted by Ok-Electrical with 22.71 million shares traded, gaining Rs0.11 to shut at Rs3.53, and Telecard Restricted with 10.11 million shares traded, gaining Rs0.54 to shut at Rs16.86.

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