Tuesday , April 23 2019
Breaking News
Home / Markets / PSX gains 75pts to close at 40,759
PSX gains 75pts to close at 40,759

PSX gains 75pts to close at 40,759

KARACHI: The Pakistan Stock Exchange benchmark KSE 100-share Index surged by 75.48 points or 0.19% to settle at 40,759.53 on Tuesday.

The benchmark KSE-100 index shot up as soon as trading began and after a see-saw movement ended the day positive. It touched an intra-day high of 260 points and dropped to a low of 164 points.

Recovery was seen towards the end, dominated mainly by retail players with Unity Foods (+5%), Fauji Foods (+5%) and TRG Pakistan (+3%) moving higher and featuring amongst top-five volume leaders.

Bank AL Habib (-1.8%) was the only notable stock among blue chips on the volume leaders’ board which traded over 11 million shares on reported crossings between institutional investors.

Nishat Mills (+5%), Gul Ahmed Textile Mills (+5%), Nishat Chunian (+5%) and Gadoon Textile Mills (+5%) closed at their respective upper limits.

Overall, trading volumes increased to 139.5 million shares compared with Monday’s tally of 112.6 million. The value of shares traded during the day was Rs5.76 billion.

Shares of 369 companies were traded. At the end of the day, 219 stocks closed higher, 134 declined, while 16 remained unchanged.

Bank AL Habib was the volume leader with 11.1 million shares, losing Rs1.02 to close at Rs79.9. It was followed by Unity Foods with 11.1 million shares, gaining Rs1.78 to close at Rs41.01 and Fauji Foods with 7.9 million shares, gaining Rs1.7 to close at Rs35.83.