Pakistan Stock Exchange began trading at 49708.65 points shook the investors’ confidence in the early part of the day but quickly redeemed and rose sharply, closing at 50111.67 points.
The index increased by 403 points on the first day of the week.
Sector by sector analysis show that the automobile sector maintained its success story and all prominent companies closed in the green. The parts and accessories sector closely followed with only a few companies losing on the gains. Cement sector, however, could not paint a very hopeful picture. The sector closed in a mix of red and green, with DG Khan Cement, Lucky Cement and Fauji Cement losing on the trading. While Kohat Cement, Dewan Cement and Thatta Cement made gains and closed in the green.
Banking sector was also a mixed sight with many banks closing in the red along with gainers.
Bank of Punjab, Habib BankXD, Standard Chartered BankXD and Meezan BankXD were all on the red side of trading today, while Askari Bank, Allied Bank Ltd., National BankXD and United Bank closed in the green with increase in their stock price. Fertilizer sector seemed to have lost on more companies than it gained while food and personal care products mostly showed companies on the gaining side.
Overall, however, the stock remained positive with a shaky start and an irregular pattern throughout the day.