Late-Session Recovery Sees PSX Gain 450 Points

The 100-Index of the Pakistan Stock Exchange (PSX) gained 449 points on Friday, a positive change of 0.39 percent, to close at 115,469 points. A total of 471,072,967 shares were traded during the day as compared to 506,702,532 shares the previous trading day, whereas the price of shares stood at Rs. 27.310 billion against Rs. 24.488 billion on the last trading day. As many as 441 companies transacted their shares in the stock market,182 of them recorded gains and 204 sustained losses, whereas the share price of 55 companies remained unchanged. Brokerage house Topline Securities highlighted that range bound activity was observed during the most part of day on account of geopolitical border tension but some recovery was observed during the latter part of the day, as index gained to close at 115,469 level. Top positive contribution to the index came from HBL, FFC, MEBL, MCB & NBP, as they cumulatively contributed +570 points to the index, Topline said. Traded value wise PSO (Rs. 1.83 billion), SNGP (Rs. 1.59 billion), MARI (Rs. 1.40 billion), NBP (Rs. 998 million) and HBL (Rs. 990 million) dominated the trading activity, it said.