KSE-100 closes in the green up 896.25 points

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A stockbroker talks on his mobile during a trading session inside the trading hall of the Karachi Stock Exchange — Reuters/File
A stockbroker talks on his mobile during a trading session inside the trading hall of the Karachi Stock Exchange — Reuters/File

Pakistan’s benchmark stock exchange, KSE-100, closed in the green on Wednesday, up 896.25 points from its previous close of 182,153.55 points.

The index rose 0.49 per cent, hitting an intraday high of 183,801.70 points and a low of 182,054.64 points. The year-to-date change was 5.17pc while the 1-year change was 61.98pc.

Trading volumes stood at 350,081,145 with a value of Rs24,924,229,716.

The top active stocks were led by K-Electric Limited with a volume of 120,603,034, declining 0.35pc to Rs8.60, followed by Cnergyico PK Limited with a volume of 81,776,987, falling 1.09pc, and First National Equities Limited with a volume of 51,954,245, staying steady at Rs1.56.

The top advancers were led by Amtex Limited with a volume of 23,061,382, rising 23.20pc to Rs5.31, followed by Paramount Spinning Mills Limited with a volume of 85,825, rising 12.89pc to Rs6.57, and Hira Textile Mills Limited with a volume of 792,443, increasing 12.32pc to Rs4.74.

The top decliners were led by First Tri-Star Modaraba with a volume of 45,256, falling 8.48pc to Rs35.51, followed by Shams Textile Mills Limited with a volume of 2,653, falling 8.45pc to Rs28.49, and Tariq Corporation Limited with a volume of 646,475, declining 7.79pc to Rs20.

Topline Securities noted that “support from major heavyweights, ENGROH, LUCK, FABL, MCB, and BAFL, underpinned the market’s performance, jointly adding 920 points to the benchmark”. In contrast, the securities firm said that “BAHL, PPL, and UBL weighed on the index, collectively trimming 311 points from the day’s gains”.

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