PSX 's Benchmark KSE-100 Index Closes At Impressive 52,145.97 Points

KARACHI, (UrduPoint / Pakistan Point News - 23rd May, 2017 ) : The pakistan stock exchange remained high on its bullish spree Tuesday as its benchmark KSE-100 closed at 52,146.97 points, an impressive gain of 773.46-points.

KSE-100 index had closed its previous trading session at 51,373.51 points that in itself was a net gain of 631.48 points over 50,742.03 registered last week end. Brokers commenting on the situation attributed the psx positivity to prudent government policies coupled with growing confidence on CPEC projects.

Improved understanding among locals about relevance of One Belt One Road initiative as a catalyst to generate economic activity can definitely be a significant factor, they said. Incentives offered by government to help increase textile exports and encourage energy sector were said to be additional factors that helped sustain positive activity at PSX.

Volumes were led by chemical company while stocks of 415 companies were traded, of which 271 gained in value, 132 declined and 12 remained unchanged. 112 million shares were traded during the day long activity with Lotte Chemical (40.67m shares) on lead followed by TRG Pak Ltd (12.64m shares); Chakwal Spinning (11.5m shares); Dewan Motors (9.54m); K-Electric Ltd (9.33m shares); Aisha Steel (8.84m shares); Oil and Gas development (8.83m shares) WorldCall Telecom (8.18m shares); Kohinoor Spinning (7.9m shares) and Sui North Gas (5.8m shares).