KARACHI, May 28(ABC): The increase in petroleum prices and hopes of the revival of the International Monetary Fund (IMF) programme led the Pakistan Stock Exchange (PSX) to witness a rangebound session on Friday.
The benchmark KSE-100 Index closed in the green with an increase in 319.74 points, or 0.75%, to close at 42,861.45 points.
At least 527.67 million shares, with a value of Rs13.9 billion, were traded compared to Thursday’s 347.06 million.
Shares of 368 companies were traded out of which 223 scrips closed in the green, 131 in the red and 14 remained unchanged.
The sectors that contributed in the performance include fertilizer (+44.1 pts), E&P’s (+43.0 pts), banks (+40.5 pts), chemical (+37.6 pts) and cement (+35.4 pts).
