Stocks closed higher, led by oil and gas sector in the pre-budget session amid hopes for key announcements following Prime Minister’s meeting with new elected Indian PM to discuss disputes and bilateral trade.
At KSE, the bench mark 100-index further increased by 27.73 points or 0.10 per cent to end the day at 29048.21 points as compared to 29020.48 points of the previous day.
Ahsan Mehanti, analyst at Arif Habib, said investor interest remained in selected stocks across the board amid speculations ahead of federal budget due next week. Cement sector remained in lime light on higher PSDP commitments of over 1.3tr in the federal budget despite expected higher FED levies and withholding taxes in banking and cement sectors.
KSE allshare-index shed 45.67 points or 0.21 per cent to close the day at 21477.53 points, KSE-30 went up by 28.34 points or 0.14 per cent to end the day at 19869.24 points while KMI-30 gained 165.58 points or 0.36 per cent to conclude the session at 46059.31 points. The day turnover in term of shares was 163.762m shares after opening at 110.893m shares and total traded volume rose by 48%, climbing to
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