PSX Closing Bell: Bulls Shift Into High Gear

The KSE-100 advanced 1,456.68 points, or 0.88%, to finish Thursday at 167,193.43, Mettis Global reported. It traded between 165,907.29 and 167,483.48 during the session, while 57 index constituents rose and 43 fell. The benchmark’s share volume was 366.12 million.

Fauji Fertilizer Company (FFC) made the largest positive index contribution at 337.26 points, followed by ENGROH at 208.05 points; HBL and MCB also added support. CNERGY led the gainers with a 10.00% rise, while Packages (PKGS) topped the decliners, down 4.06%. Across the wider market, the All-Share Index gained 0.80% to 101,164.94, and total traded value reached Rs31.54 billion.

Commercial banks and fertilizer were the leading positive sector contributors, adding 451.58 and 436.88 points respectively. The report said the KSE-100 remained down 7.27% in the fiscal year and 3.94% for the calendar year so far. The session’s gains therefore came alongside those year-to-date declines.