KSE-100 Index above 177 thousand

Summary: The Pakistan Stock Exchange continued its bullish trend on the last day of the trading week. The benchmark KSE-100 Index closed at 177,873.87 points after gaining 500.11 points. A total of over one billion shares were traded in the market, while the index remained in the positive zone due to investor buying.

Karachi: The Pakistan Stock Exchange witnessed a bullish trend on the last day of the trading week and the benchmark KSE-100 index closed in the positive zone with an increase of more than 500 points.

At the close of business on Friday, November 13, the KSE-100 index closed at 177,873.87 points after increasing by 500.11 points or 0.28 percent, while the index closed at 177,373.76 points in the previous trading session.

The highest level of the index during the trading session was 179,284.34 points while the lowest level was recorded at 176,865.05 points.

The total market turnover was over 1.4 billion shares, worth approximately Rs 30.95 billion.

According to market data, a total of 254 companies increased their share prices, 163 decreased, while 25 companies remained unchanged.

Major companies including Mari Petroleum, Lucky Cement, Pakistan Petroleum, Pak Electron and Fatima Fertilizer played a positive role in the increase in the index, while the decline in UBL shares put pressure on the index.

On the other hand, the All Share Index also closed at 106,712.06 points, up 589.19 points.

It should be noted that the Pakistan Stock Exchange was bearish on the previous trading day, and the KSE 100 Index closed at 177,373.76 points, down 1,710.04 points.

Despite today’s rally, the market remained volatile as the index crossed the 179,000-point mark during the trading session, but ended below 178,000.

Investors are likely to focus on economic indicators, interest rates, the country’s economic situation and the financial results of major companies in the coming sessions.