Abb Takk News

PSX reacts positively to Panama verdict; gains 1254 points

KARACHI: Pakistan Stock Exchange (PSX) has reacted positively to the Panama case verdict, with the benchmark KSE-100 index surging more than 1,869 points in the moments following the verdict. However, the market could not maintain the momentum and adjusted to over 1254.37 points gains at the close of trading.

The KSE-100 index closed higher at 48857.85 points with positive change of 1254.37 and volume of 199,785,380 shares.

During trading the index hit highest of the day at 49509.30 and dipped to day’s lowest 47361.11 points. Total volume traded in the market was 408,163,680 shares with 379 total traded companies out of which 309 were up 61 were down and 9 were unchanged.

Commercial Banks was the top traded sector with total traded volume of 46,866,400 shares. It was followed by Engineering with a total traded volume of 44,894,800 shares.

The three top traded companies were Engro Polymer with a volume of 27,638,000 and price per share of 26.14 (0.47), TRG Pak Ltd with a volume 20,966,500 of price per share of 53.02 (2.52), Aisha Steel Mill with a volume 20,235,500 of price per share of 24.23 (1.15).

The top three advancers were Sanofi-AventisXD with price per share 1992.00 (94.00), Sapphire Fiber with price per share of 1147.12 (54.62) and Millat Tractors share of 1326.00 (53.70).