PSX rocks to the beat of positive investor sentiment

February 06, 2023 (MLN): The Pakistan Stock Exchange (PSX) experienced a positive day on Monday, as the KSE-100 index increased by 719.61 points (1.78%) to close at 41,190.77.

This was driven by a boost in investor sentiment due to an improvement in the value of the rupee against the dollar and positive outlook from the International Monetary Fund (IMF).

During the day, the market maintained a positive session and reached an intraday high of 41,302.29.

Total volumes also increased by 51.66% to 125.55 million shares compared to the previous session.

Of the 94 companies traded in the KSE-100 Index, 69 closed higher, 23 lower, and 2 unchanged.

The sectors that made the largest positive contributions to the index were oil & gas exploration, oil & gas marketing, commercial banks, cement, and technology, which collectively added 584.77 points to the index total.

The volume leaders on the Pakistan Stock Exchange (PSX) benchmark were PPL, SNGP, OGDC, KEL, and CNERGY.

The top performers during the session were RMPL, MARI, PAKT, POL, and ARPL.

The stocks that had net losses during the day were UPFL, NESTLE, PKGS, IBFL, and COLG.

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