PSX: KSE-100 Index closes marginally higher as late buying offsets intra-day losses

The KSE-100 ended Monday at 166,564.06, up 154.81 points or 0.09%, after a volatile session, Business Recorder reported. The index touched 165,585.42 at its low and reached 166,989.76 before giving back part of its afternoon advance.

Topline Securities said investors were cautious amid domestic inflation concerns and lower international crude prices. Buying was seen in selected commercial bank and cement stocks, while profit-taking limited the market’s advance. All-share volume fell to 443.43 million shares from 825.47 million, and traded value declined to Rs17.73 billion from Rs23.12 billion.

Cnergyico PK led trading volume with 93.11 million shares, followed by Pervez Ahmed Co at 45.18 million and TPL Properties at 30.10 million. The rupee gained Re0.03 against the US dollar to close at 276.72 in the inter-bank market.