KARACHI: The Pakistan Stock Market (PSX) proceeded its positive momentum on Thursday in the middle of motivating corporate results.
The benchmark index of the PSX closed at 45,985.41 factors, up 193.49 or 0.42 per cent from a day back.
According to Topline Securities, major positivity originated from Lucky Cement Ltd, Colgate-Palmolive Pakistan Ltd, Fauji Cement Business Ltd, Pakistan State Oil Business Ltd and also United Financial institution, which cumulatively included 153 indicate the KSE-100 index.
On the company announcement front, Lucky Cement Ltd announced revenues per share (EPS) of Rs20.50 for July-September, which were higher than market expectations. Equipments Ltd published EPS of Rs7.53 for the very first quarter of 2021-22 against Rs4.03 a year back.
Market engagement raised 27.25 pc to 229.57 million shares on a day-on-day basis.
Fields adding to the benchmark index included concrete (127.04 points), industrial banking (33.51 factors), pharmaceutical (27.89 points), chemical (27.44 points) and oil and gas advertising (21.18 factors).
Stocks that contributed significantly to the traded quantity included Merit Product packaging Ltd (31.83 m shares), Hum Network Ltd (22.25 m shares), WorldCall Telecom Ltd (10.65 m shares), Azgard 9 Ltd (8.86 m shares) and also Byco Petroleum Ltd (8.78 m shares).
Supplies that added favorably to the index included Lucky Concrete Ltd (54.54 factors), Colgate-Palmolive Pakistan Ltd (31.51 factors), Fauji Cement Company Ltd (24.45 factors), Pakistan State Oil Company Ltd (21.23 factors) as well as United Financial Institution Ltd (20.84 factors).
Shares that contributed adversely included TRG Pakistan Ltd (21.40 factors), Unity Foods Ltd (17.93 points), Engro Firm Ltd (12.04 points), Engro Fertilisers Ltd (11.56 factors) and Avanceon Ltd (10.23 points).
Stocks taping the highest gains in portion terms included Bundles Ltd, which went up 7.5 pc, adhered to by Fauji Cement Business Ltd (7.37 computer), Shakarganj Ltd (7.23 computer), Colgate-Palmolive Pakistan Ltd (7.11 computer) as well as Azgard 9 Ltd (5.73 pc).
Foreign investors were net vendors as they unloaded shares worth $1.15 m.