KARACHI – The Pakistan Inventory Change (PSX) on Monday witnessed constructive pattern on Monday as KSE-100 index gained over 394 factors.
The constructive sentiments have been noticed in inventory market after the federal authorities introduced a minimize in petrol and diesel costs. Final week, the federal government decreased the petrol and diesel costs by Rs8 and Rs11 per litre after the hit all-time excessive mark.
It additionally follows a big restoration made by the Pakistani rupee towards the US greenback. PKR has gained +7.1% or Rs20.three towards greenback since Sep 5, 2023. As we speak’s closing in interbank market has been recorded as Rs286.76.
The index reached 46,627.08, up 0.85computer, when the buying and selling closed. It witnessed a excessive degree of 46,704.63 factors throughout intraday buying and selling session earlier than closing at 46,232.59 factors.
Main exercise was witnessed in shares of WorldCall Telecom Restricted, Cnergyico PK Restricted, Oil and Gasoline Growth Firm Restricted, Pakistan Petroleum Restricted, First Prudential Modaraba and BankIslami Pakistan Restricted.
The highest advancers of the day embody First Punjab Modaraba, Pak-Gulf Leasing Firm Restricted, Hala Enterprises Restricted, and First Prudential Modaraba. PICIC Insurance coverage Restricted, SME Leasing Restricted, Ashfaq Textile Mills Restricted and Habib Insurance coverage Firm Restricted are among the many high 4 losers.
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