Full-day report: Stock exchange index gains 207 points

The Pakistan Stock Exchange has started the week on a positive note, with the benchmark KSE-100 index gaining 207.19 points, or 0.43 per cent, by the close of the trading session to reach 48,457 points.

“Trade remained higher on strong earnings in leveraged sectors, upbeat auto sales data for Jul-Mar’17 and easing political noise,” said Ahsan Mehanti of Arif Habib Corp.

“Likely resolution of circular debt, rising global crude prices and upbeat data on exports for March played a catalyst role in bullish close,” he added.

Approximately 77 million shares changed hands by the end of the session, with a total worth of nearly 7 billion. Stocks of 383 companies were traded, of which 211 gained in value, 151 declined and 21 remained unchanged.

Volumes were led by:

  1. Aisha Steel Mill: 23.6m shares traded (+4.19);

  2. TRG Pak Ltd: 17m shares traded (+1.75pc);

  3. Engro Polymer: 12.9m shares traded (+2.11pc);

  4. Pace (Pak) Ltd: 7.8m shares traded (+4.00pc); and,

  5. Azgard Nine: 7.6m shares traded (-2.28pc) per cent.

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