The KSE-100 Index gained 0.37% at the close as late-session buying offset intraday losses.
KSE-100 increases points: The benchmark index started off poorly, falling as low as 47, 893.71 during the day. However, advances in the session’s latter half enabled it to reverse its early losses.
The KSE-100 finished the day at 48,325.84, an increase of 179.40 points or 0.37%.
“On Thursday, bulls reclaimed control of the Pakistan Stock Exchange. Volumes increased from the previous close as indices zigzagged in both directions before finishing in the green, according to Capital Stake’s market analysis.
Oil and gas exploration (79.16 points), technology and communication (79.68 points), and refinery (27.76 points) were among the industries that contributed to the benchmark KSE 100’s advances.
SYS, POL, and PPL were among the corporations that pushed the index upward.
The trading house reported that the market capitalization of the oil and gas exploration sector increased overall by 1.31%.
The KSE-100 had continued to struggle on Wednesday as investors sold off their holdings out of anxiety about the inflation forecast and the formation of the caretaker ministry.
On the economic front, the Pakistani rupee’s four straight losses versus the US dollar came to an end on Thursday as the currency stayed mostly constant. According to the State Bank of Pakistan, the rupee ended the day at 294.92, up Re0.01.
On the economic front, the downward trajectory of the Pakistan rupee against the US dollar came to a halt after four consecutive losses, as the currency remained largely stable on Thursday. At close, the rupee settled at 294.92, an increase of Re0.01, as per the State Bank of Pakistan.
Volume on the all-share index increased to 226.9 million from 194.5 million on Wednesday.
The value of shares rose to Rs10 billion from Rs7.6 billion in the previous session.
“Market Highlights: Dynamic Trading Activity and Performance Trends”
Dewan Motors remained the volume leader with 25.2 million shares, followed by JS Bank Ltd with 14.3 million shares and Pak Refinery with 12.5 million shares.
Shares of 325 companies were traded on Thursday, of which 155 registered an increase, 147 recorded a fall, and 23 remained unchanged.
On Wednesday, the volume on the all-share index increased to 194.5 million from 226.9 million.
Further, Shares increased in value from the previous session’s Rs7.6 billion to Rs10 billion.
Additionally, With 25.2 million shares, Dewan Motors continued to have the highest volume, followed by JS Bank Ltd with 14.3 million shares and Pak Refinery with 12.5 million shares.
However, On Thursday, shares of 325 firms were traded; 155 of those shares saw increases, 147 saw decreases, and 23 saw no change.