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PSX in green: Bourse gains 373 points to close at over 42,683

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  • Post category:Business / Economy
  • Post last modified:15/09/2017
  • Reading time:1 mins read

SANA MAHMOOD

KARACHI: Technology, Textile and Commercial Banking Sectors dominated the 4th trading session of the week with 64.6m, 26.4m and 24.6m shares changing hands.

Rs. 7.71b worth of 80.4m shares were traded in today’s session allowing the KSE-100 Index gain 0.88%.

Sources privy to Newspakistan.tv have insinuated that the MoF’s announcement apropos not taking of any loans from IMF in near future helped the investors gain confidence who were nervous about the concerns vis-à-vis devaluation of currency in addition to the local politics.

Today’s five leading traders were: WorldCall Telecom, 48m shares (+20pc); Azgard Nine, 22.9m shares (+2.17pc); Aisha Steel Mills, 12.8m shares (+1.92pc); Bank Al-Falah, 12m shares (+2.93pc); Sui Southern Gas, 8.3m shares (2.03pc).

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.