KSE-100 Index stays in green zone thanks to oil, gas sector
It was mixed session for the Pakistan Stock Exchange (PSX) after bright start on Tuesday, as the KSE-100 Index closed at 33,992.75 after gaining 76.11 points, thus just managing to stay in the green zone.
But it seemed to be a great day for the stocks at the beginning after the KSE-100 Index jumped to 34,385.76 after gaining 469.12 points in the first nine minutes of trading. But since then the market witnessed a downward curve albeit staying in the positive territory.
A total of 197,369,137 shares were traded during the session. The share prices of 169 companies made gains while that of 118had suffered losses. However, the value of 29 others remained unchanged.
The latest performance comes after the KSE-100 Index dropped 195 points after the PSX presented a lacklustre show on Monday.
If we look at the individual performance of different important sectors, the automobile sector overall had a positive day with most of the companies making gains. The shares of Al Ghazi Tractors remained most prominent with a gain Rs6.35 followed by Ghandhara Industries Rs5.84 and SazgarEngineering Rs5.73.
But it wasn’t the case with cement sector where the share prices of 13 companies went down with that of only four going up.Similarly, it was a sluggish day for chemical, banking and fertilizer companies.
But it was the oil and gas exploration as well as marketing companies that kept the index moving, making it stay in the positive territory.