KSE-100 index gains 399 points on renewed buying

KSE-100 index gains 399 points on renewed buying

KSE 100 Index Updates

KARACHI: Pakistan Stock Exchange (PSX) headed towards recovery courses on Tuesday after the devastating session of Monday, as the benchmark KSE-100 index gained 399 points.

The index jumped 0.84 percent to touch 48,071 points by the end of the session. The benchmark touched the day’s high at 48,513 points with first 30 minutes of trading, however it failed to sustain the bullish rally, and mid-day pressure forced the Index to touch 47,100 points as day low.

Trading activity was led by the cement sector, with 53 million shares changing hands during the session, followed by engineering and banking sectors with 44.5 million and 42.4 million shares respectively.

A total of 103 million shares of KSE-100 index companies changed hands in the session, with a total worth of nearly Rs11 billion.

Stocks of 383 companies were traded, of which 160 gained in value, 207 declined and 16 remained unchanged.

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