Stocks up 1,049 as investors find value at dip

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KARACHI: Stocks continued speeding on Friday. The Benchmark’s SE -100 Index increased by 1,049 points, as investors received prices in DIP as well as speculations during the income season.

Pakistan Stock Exchange (PSX) Benchmark’s SE -100 Index increased by 1,049.33 points, or 0.93 percent to 114,255.73 points, which increased from 113,206.4 points to 114,255.73 points in the last session. Have gone The highest index of the day was 115,106.99 points, while the lowest level was recorded at 113,692.87 points.

“In the earnings season, the stock shut down the stock,” said Ahsan Maheeni, an analyst at Arif Habib Corporation, said, “Investors’ speculations, headed by the board’s scripts across the board, shut down.” He said that the government revised the agreements with 14 IPPs, global crude oil prices and strong revenue in banking increased, and the cement sectors affected emotions. “[The] He added that the SBP indicated the reduction in the record increase in the record increase in PSX, the decline in the rate of thin inflation, government initiatives, rupee stability and the production of falling government bonds.

The KSE -30 index increased by 304.29 points or 0.86 percent to 35,565.23 points, 35,869.52 points. Trade shares increased by 60 million shares to 483.939 million shares to 543.124 million shares. The commercial value increased from Rs 26.973 billion to Rs 26.973 billion. Market Capital increased to Rs 14.053 trillion against Rs 13.955 trillion. Of the 454 companies operating in the session, 234 were closed in green, 164 in red, and 56 changed.

Topline securities analyst Nabil Aaron said the KSE -100 index closed its previous day’s 1,049 points (from 0.93 percent to 114,256 points). “This positiveness can be attributed to the recent decline in the market, which has made it a place to buy value investors,” he said.

Souzu, who belongs to the auto sector, got a bit faster after being slow for some time, as he got 6 % closer, in stock’s interest in investors about his four -wheeled brand hall Can be recognized for the month of the month. January.

Ismail Industries Limited recorded the highest increase, which increased to Rs 97.89 per share to Rs 1,947.89, followed by PIA Holding Company Limited B, which increased to Rs 899.07 to Rs 97979.73. Unilever Pakistan Foods Limited noted a significant reduction, which was reduced by Rs 81.50 to Rs 22,305.50 per share. Mahmud Textile Mills Limited followed this, which was reduced from Rs 28.14 to Rs 6444.24 per share.

Brookridge Arif Habib Limited said that during the KSE -100 session, touching the height of 115.1k climbed to the upper end of its current range (112k -115.5k).

UBL (+4.74 %), fate (+6.02 %), and NBP (+10 %) contributed the strongest in the index benefits. Flip side, Marie (-1.59 %), FFC (-0.23 %), and MHT (-4.19 %) were the biggest drag.

Investors are focused on the IMF mission, which is expected to visit Pakistan by the end of February or by early March, a visit to Pakistan for the first review of the $ 7 billion extended fund facility (EFF). With less likely to be less likely this week, the market is ready to break the key resistance level in the coming days.

Sarnarjico PK remained the volume leader with 66.683 million shares, which closed at least Rs 75 per share. The World Calle Telecom, which has 37.804 million shares, followed it, which was reduced to Rs 1.64 per share.

Other important stocks of business include Bank Makrama, Bo Punjab, Sui South Gas, Pak Refinery, K Electric Limited, Treat Battery Limited, City Pharma Limited, and Military Foods Limited in the Future Market. It increased, 143 decreased and 3 changed.