KARACHI: Positive session was observed at the local bourse as KSE 100 Index gained 1.06% to close at 179,571 level, this positivity can be attributed to decline in crude oil prices.
Top positive contribution to the index came from UBL, LUCK, SRVI, PPL , FFC and MCB, as they cumulatively contributed 920 points to the index.
Traded value wise MLCF (PKR2.9bn), PAEL (PKR.1.39bn), PIBTL (PKR.1.37bn), NBP (PKR.1.35bn), DGKC (PKR.1.33bn) and OGDC (PKR.1.28bn) dominated the trading activity.
Traded volume and value for the day stood at 844mn shares and PKR.40bn respectively.
More read, KSE-100 falls 778 points amid year-end position rollover activity
Earlier, the local bourse witnessed a weak and volatile session as rollover-related pressure and fiscal year-end considerations weighed on investor sentiment.
The benchmark index oscillated between an intraday high of 933 points and a low of 797 points, before closing at 177,692, down 778 points (-0.44%).
Overall participation remained cautious, with investors largely on the sidelines amid portfolio repositioning and profit-taking ahead of the fiscal year-end, resulting in a lackluster close across the broader market.
On the index contribution front, index heavyweights UBL, BAHL, ENGROH, FFC, and BAFL emerged as the major laggards, collectively dragging the benchmark by 595 points. On the flipside, OGDC, MLCF, PPL, SNGP, and COLG provided some support, collectively contributing 217 points to the index.
Market participation remained subdued compared to the previous session, with total traded volume recorded at 765 million shares and total traded value at PKR 35.4 billion, reflecting relatively lower activity amid cautious investor sentiment. KEL led the volumes board with 83 million shares exchanging hands.
