Pakistan equities rebounded on Thursday as the expected revival of the IMF program and inflow of Chinese loan amounting to $2.3bn kept the market sentiments uplifted.

While decline in international oil prices continued on Thursday which further supported the market confidence as a result of which the benchmark KSE-100 index ended the trading session with a 258.83 points or 0.61 percent gain to close at 42,716.97 level.

The Index remained positive throughout the session touching an intraday high of 42,987.88

Of the 95 companies traded in the KSE-100 Index, 67 closed up, 24 closed down, while four remained unchanged. The total volume traded for the index was 185.69 million shares.

Sectors propping up the index were Power Generation & Distribution with 75 points, Commercial Banks with 52 points, Technology & Communication with 26 points, Oil & Gas Marketing Companies with 26 points and Refinery with 17 points.

The most points added to the index was by HUBC which contributed 49 points followed by BAHL with 29 points, MCB with 27 points, SYS with 19 points and PSO with 17 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 15 points and Modarabas with one point.

The most points taken off the index was by HBL which stripped the index of 26 points followed by FFC with 17 points, POL with 11 points, PPL with 8 points and ABOT with 6 points.

All Share Volume increased by 83.40 million to 349.49 million shares. Market Cap increased by Rs.43.21 billion.

Total companies traded were 347 compared to 336 from the previous session. Of the scrips traded 235 closed up, 87 closed down while 25 remained unchanged.

Total trades increased by 21,329 to 146,665.

Value Traded increased by 1.67 Billion to Rs.10.14 billion.

The story was filed by the News Desk. The Desk can be reached at info@thecorrespondent.com.pk.

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