PSX manages positive close after volatile trading
The Pakistan Stock Exchange (PSX) landed in the green after a volatile session on Tuesday with the benchmark KSE-100 Index gaining 267 points to close at 39,933.
The index peaked at 40,013 and touched a day's low of 39,331 points before settling. "Volumes remained subdued in the first half, however positive news flow in fertilisers and cements changed the sentiments in the afternoon and helped to cover back the early declines," a note from Elixir Securities said.
In all, 141.97 million shares worth Rs6.0 billion were traded at the exchange. Of the 319 scrips traded, 210 advanced, 89 declined and 20 remained unchanged.
Volumes were led by:
Fauji Cement Co Ltd: 17.7m shares traded [+0.80pc];
TRG Pakistan Ltd: 8.1m shares traded [0.00pc];
Pakistan Intl. Bulk Terminal Ltd: 7.1m shares traded [-0.14pc];
Fauji Foods Limited: 6.8m shares traded [+1.47pc];
K-Electric Limited: 5.4m shares traded [+0.02pc].