ISLAMABAD: After having a downward trend for the last three consective days, the KSE-100 index finnaly turned down towards the bullish trend on Thursday while gaining 250.68 points or 0.61% with a positve chnage to close at 41,325.63.
The Bullish Trend overwhelmed the market as investors received some positive notes over reports of engaggment between International Monetary Fund (IMF) and the government to unlock the 9th review/tranche of the programme.
On Thursday trading experienced the upward trend and the market remained in the green zone for long time. Meanwhile the ongoing political unrest inflenced the trading in the middle, however strong perception by the investor made the market towards bullish sentiments.
Automobile, cement, banking and fertiliser segment saw modest buying activity.
Sectors with Gains at PSX
Cement (66.10 points), oil and gas, (48.30 points) and banking sector (40.83 points) witnissed improvement and were remained in the green zone. Meanwhile, the market managed to regain loss to some extent it had during last three days. The value of the shares being traded dropped to Rs2.9 billion from Rs3.3 billion the other day. In total 301 companies traded their shares where 180 witnessed increase, 96 experienced loss while shares of 25 remained unchanged.
WorldCall Telecom was the leading trader with 17.2 million shares followed by PIAC (A) and Quice Food with 4.8 million shares and 4.3 million shares respectively.
