KARACHI: Pakistan’s Stock Exchange (PSX) continued the positive mood and gained for second day in a row. However, today the market showed some intraday corrections that demanded cautious policy near the 46,000 points mark.
The Karachi Share Index (KSE-100) gained 185.51 points (0.41 percent) after closing at 45,981.82 points, against the previous closing of 45,796.31 points. The market went as high as 46,034.46 points during intraday trading, while recording as low as 45,617.54 points.
Trading volume moved up to 536.7million shares today, as compared to 437.45m traded in the previous session, according to PSX’s website data. The daily traded value inched up to Rs23.1billion from Rs20.3bn in the previous session, the data said.
Today was a mixed trading day as the market found some correction during the mid-day before noon that encouraged investors for selective buying, traders and analysts said. However, the market seems bound to observe some corrections near the current levels to consolidate before moving up going forward, they added.
The share price of Unilever Foods increased by Rs1,107.90 to Rs15,879.90, while Island Textile gained Rs100.01 to Rs2,300. On the other hand, Sapphire Textile lost Rs33.49 today to close at Rs848.51, while Shield Corporation lost Rs26.50 to close at Rs328.