On Thursday, shares at the Pakistan Stock Exchange’s benchmark index gained around 800 points in intraday trading.
According to the PSX website, the KSE-100 index was trading at 112,285.17 after gaining 797.81 points, or appreciating by 0.72%, at 11:39 AM.
There was notable buying interest in sectors with significant index weight, such as automobile assemblers, cement, chemicals, commercial banks, oil and gas exploration firms, OMCs, power generation, and refineries.
Key stocks like HUBCO, NRL, PSO, SHEL, SNGP, OGDC, PPL, POL, MARI, MCB, and MEBL saw positive trading activity, according to Business Recorder.
On Wednesday, the KSE-100 index mostly traded in the negative zone and closed at 111,487 (down by -0.48%). According to Topline Securities, “This pressure in the market can be attributed to a lack of triggers, selling by institutions, and the ongoing futures rollover week.”
FFC in the fertilizer sector announced its 4Q 2024 results, posting EPS of Rs9.94 (down by 42% QoQ, up by 90% YoY), bringing the CY24 EPS to Rs45.49 (up by 118% YoY).
