PSX Closes Higher as FFC and PPL Lead KSE-100 Rally
The Pakistan Stock Exchange witnessed a positive trading session on Tuesday as the KSE-100 index closed at 164,742.47 points after gaining 793.53 points.The market opened at 162,616.21 points and remained volatile during the day.
The benchmark touched a high of 164,920.35 points and a low of 162,532.99 points.The index posted a daily increase of 0.48 percent. Trading volume in KSE-100 companies stood at 209.98 million shares.
FFC emerged as the leading stock in terms of positive contribution and added 172.73 points to the market.
PPL and MCB Bank also played a major role in lifting the index with contributions of 158.71 points and 153.71 points respectively.OGDC and Meezan Bank further supported the positive momentum.However, HUBC remained the biggest dragger and reduced 113.96 points from the index.
Other stocks including LUCK, UBL, INDU and TRG also closed in the negative zone.Despite a negative CYTD return of 5.35 percent, the KSE-100 has delivered a strong FYTD growth of 31.14 percent.
Analysts said selective buying in blue-chip stocks helped the market maintain positive momentum.
We welcome your contributions to The Pakistan Today. Submit your blogs, articles, press releases, news story pitches and news features to our editorial team.
Please send your submissions to our News Desk or Editorial team. We look forward to hearing from writers, journalists and contributors.
