You are currently viewing PSX: Despite Pak-US tense ties benchmark KSE-100 Index closes in the green!
boruse in the green

PSX: Despite Pak-US tense ties benchmark KSE-100 Index closes in the green!

  • Post author:
  • Post category:Business / Economy
  • Post last modified:03/01/2018
  • Reading time:2 mins read

KARACHI: Despite tense milieu that resulted following the Trump’s anti-Pakistan twitter on 1st day of 2018 and blocking of military aid, the bourse somehow closed in the green on week’s third trading day. 

It is pertinent to mention here that this happened to be the 10th consecutive trading day when the stock exchange remained bullish. 

Benchmark KSE-100 Index closed at 41,544 after a flattish augmentation of 57 points. Rs.9.3b worth of 233.6m shares were traded today. Value of the shares of 160 companies augmented, 190 plummeted while 20 remained stagnant.

Power Generation/Distribution, Communication and Cement Sectors led the trade of shares today with 50.4m, 25.3m and 25.0m shares respectively.

Top five traders of the shares today were: K-Electric Ltd., 47.4m shares (+4.01pc); Bank of Punjab, 13.4m shares (+3.49pc); TRG Pak Ltd., 11.3m shares (-2.42); WorldCall Telecom, 10.6m shares (+2.15pc); Fauji Cement, 9.4m shares (-0.08pc).