Fertilizer, Investment Banking Sectors Lead Gains as Market Activity Surges
On Friday, the benchmark KSE-100 index touched the highest of the day at 75,401.12 points before settling down marginally at 75,342.35 points, where the stock market will begin trading this week.
In the outgoing week, trading activity remained robust with the total volume of the KSE-100 index reaching 188.72 million shares.
Among the 100 index companies, 68 experienced gains, 30 faced losses, while 2 remained unchanged, underscoring the market’s mixed performance.
Fertilizer, investment banking, power, automobile and pharmaceuticals sectors pushed the index up last week, while commercial banking, insurance, tobacco and transport sectors exerted downward pressure on the index.
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Total market volume saw a notable uptick, reaching 496.70 million shares, compared to 407.63 million shares in the preceding session, accompanied by a surge in traded value, which amounted to Rs 17.63 billion, reflecting an increase of Rs 649.78 million.
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