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PSX manages to close on positive note after volatile session

PSX manages to close on positive note after volatile session

KARACHI: The Pakistan Stock Exchange (PSX) landed in the green after witnessing a volatile session on Tuesday as the benchmark KSE-100 index gained 164 points to close at 39,453 points.

The index, which had lost close to 1,000 points on Monday, opened lower today, bottoming out at 38,561 points before recovering.

Much like previous sessions, trading began on a negative note with the KSE-100 dropping 727 points to touch an intra-day low of 38,561. However, cherry picking across sectors helped the index break the bearish hold on the market, taking the KSE-100 beyond 39,500.

Overall, trading volumes increased to 167.8 million shares compared with Monday’s tally of 123.6 million. The value of shares traded during the day was Rs8.04 billion.

Shares of 341 companies were traded. At the end of the day, 152 stocks closed higher, 178 declined while 11 remained unchanged.

Fauji Cement was the volume leader with 15.3 million shares, losing Rs0.13 to close at Rs21.19. It was followed by Engro Polymer and Chemicals with 13.2 million shares, losing Rs0.33 to close at Rs28.03 and DG Khan Cement with 10.1 million shares, losing Rs2.23 to close at Rs100.96.