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PSX update today-Stock shows a positive trend

Komal FatimaWeb Editor

02nd Jun, 2020. 02:42 pm
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KSE 100 index by 3.3%

Pakistan stock exchange shows a positive trend today. Business has started in Pakistan Stock Exchange.

According to details, PSX100 Index has been trading on 34 thousand and 81 today.

Pakistan stock exchange experienced a slow start on Monday.

According to details, the E&P sector got traction from an increase in international crude oil prices, which rose from the levels witnessed on Friday.

Off to good start, the benchmark KSE-100 Index recorded its intraday high at 34,062.14 after gaining 130.91 points. However, the rally was short-lived, with the index dropping 111 points to mark its intraday low at 33,820.09. It finally settled higher by 90.74 points at 34,021.97.

Among other indices, the KMI-30 Index gathered 58.40 points to close at 55,230.07, while the KSE All Share Index added 31.08 points, settling at 24,466.26. Of the total traded shares, 113 advanced and 190 declined.

The overall volumes declined from 233.1 million shares in the previous session to 198.1 million shares (-15pc). Average traded value also declined by 29pc, from $62.4 million to $44.2 million. Pak Elektron Limited (PAEL +4.73pc), Unity Foods Limited (UNITY +1.64pc) and Fauji Foods Limited (FFL +3.43pc) led the volume chart, exchanging 22.74 million, 14.23 million and 11.38 million shares, respectively.

Sectors that kept the index in the green zone included banking (+169.29 points), oil & gas exploration (+51.54 points) and pharmaceutical (+6.15 points). Among the companies, MCB Bank Limited (MCB +56.20 points), United Bank Limited (UBL +37.14 points) and Oil and Gas Development Company Limited (OGDC +34.77 points) remained the top contributors.

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