Arab Today, arab today pakistan stock exchange breaches 33kpoint barrier
Last Updated : GMT 22:56:04
Arab Today, arab today
Arab Today, arab today

Pakistan Stock Exchange breaches 33k-point barrier

Arab Today, arab today

Arab Today, arab today Pakistan Stock Exchange breaches 33k-point barrier

Pakistan Stock
Islamabad -Xinhua

The Pakistan Stock Exchange (PSX) broke the psychological barrier of 33,000 points on Monday for the first time since January 7, 2016 as investors took keen interest in oil stocks in the wake of rising international oil prices.

The Pakistan Stock Exchange's (PSX) benchmark KSE 100-Index skyrocketed by 1.79 % or 580.86 points to 33,022.60 points on Monday when compared with 32,441.74 points reported on Friday. During the nine-day bullish rally, the main index has piled on 2,458.10 points from 30,564.50 on Feb. 23 to 33,022.60 points on March 7.

The KSE All Share Index jumped by 1.62 percent or 361.08 points to 22,628.04 points, the KSE 30-Index augmented by 2.24 percent or 429.92 points to 19,600.42 points, the KMI 30-Index elevated by 2.16 percent or 1,216.13 points to 57,514 points, whereas the Islamic All Share Index gained 1.69 % or 256.60 points to 15,479.22 points on Monday.

During Monday's trading session, the main index moved in a broad range of 588.55 points as it scaled an intraday high of 33,030.29 points as against an intraday low of 32,441.74 points.

Investors gained confidence with international oil price rising which resulted in a buying spree in other sectors including cement. Continuous foreign inflows in cement sector helped Maple Leaf Cement (MLCF), Dera Ghazi Khan Cement (DGKC), and Fauji Cement Limited (FCCL) to close up 3.5 %, 1.64 %, and 1.93 %, respectively.

Oil prices continued to rise internationally which led gain in Pakistan Oilfields Limited (POL), Pakistan Petroleum Limited (PPL) and Oil and Gas Development Company (OGDC) by 2.31 %, 3.62 %, and 3.25 %, respectively.

Market volumes surged by 35.09 % or 52.763 m shares to 203.118 m shares on Monday when compared with 150.354 m shares recorded on Friday.

Market capitalization increased by 1.78 % or 120.809 bn rupees (1.184 bn $) to 6.916 trn rupees (67.812bn$) whereas trade value swelled by 39.32 % or 3.381 bn rupees (33.151 m$) to 11.98 billion rupees (117.458 m$ ).

Among 364 active scrips on Monday, prices of 250 issues advanced, 82 declined, whereas values of 32 other companies stayed unchanged at previous week's level.

Jahangir Siddiqui Company Limited, TRG Pakistan Limited, and Pakistan Telecommunication Company Limited were the top traded companies with turnovers of 14.761 m shares, 14.568 m shares, and 10.735 m shares, respectively.

Nestle Pakistan was the top price gainer with increment of 95 rupees (93.14 cents) to 6,800 rupees (66.66 $) while on the flip side Wyeth Pakistan Limited led the major price shedders with decrement of 60 rupees (58.82 cents) to 1,750 rupees (17.15 $).

Source: Xinhua

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistan stock exchange breaches 33kpoint barrier Arab Today, arab today pakistan stock exchange breaches 33kpoint barrier

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistan stock exchange breaches 33kpoint barrier Arab Today, arab today pakistan stock exchange breaches 33kpoint barrier

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday