Pakistan Stock Exchange or PSX has seen mixed reaction from investors as KSE 100 Index raised by just 15 points.
KSE 100 Index reached at 38,251 points after gaining just 15 points. During the intra day trading, the index lowered by 391 points.
314 companies’ shares were traded and among them 24 unchanged, 139 lowered, and 151 increased. Shares volume decreased by 5% and reached at 130m shares. Earlier, they were at 137m shares.
The traded value jumped 29% to $48m, from $37m. Major contribution to the index upside came from Pakistan Tobacco, up 4.22%, Pakistan State Oil 3.03%, Engro Corporation 0.95%, Allied Bank 4.54% and Sui Northern Gas Pipelines 2.30%, adding 101 points. However, MCB was down 1.95%, Pakistan Petroleum 1.82% and Pakistan Oilfields 1.99%, taking away 92 points.
K-Electric emerged as the volume leader with 17.35 million shares, gaining Rs0.03 to close at Rs6.02. Pak Elektron with 14.4 million shares, gaining Rs0.11 to close at Rs27 and Engro Polymer with 8.1 million shares, gaining Rs0.01 to close at Rs39.21.