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Stock rise 182 points against the background of the strengthening of the rupee – Newspaper

KARACHI: shares market remained in positive zone during the day on Thursday, thanks to strengthening of rupee against in dollar as well as the accumulation of share price by investors.

Arif Habib Ltd said that pharmaceutical and technology sectors remained in the center of attention on in back of tax benefit reports in forthcoming budget.

Other reason for positive closure was news report a possible conclusion of agreement between the staff of the International Monetary Fund next week, according to Topline Securities.

Stock market Most likely remain changeable forward said JS Global, who also recommended to investors should influence the cement and textile sectors.

The KSE-100 index settled at 41,735.96. points, up 182.8 points or 0.44% compared to the previous day.

trading volume increased by 55.7% to 235.34 mln. shares while the traded value went up 22pcs up to 27.3 million dollars on day-on- daily basis.

Stocks that contribute significantly to trading volume include TPL Properties Ltd ($31.8 million). shares), WorldCall Telecom Ltd (28.27 mln. shares), Unity Foods Ltd (16.82 m shares), Hascol Petroleum Ltd (14.35 m shares) and Ghani Global Holdings Ltd ($10.55 million). shares).

Industries Contributing highest amount of points the benchmark index includes oil and gas exploration (44.5 points), technology and communication (32.29 points), power generation and distribution (29.87 points), pharmaceuticals (29.23 points) and investment banking services (23.11 points).

The stocks contributing the most to the index included Systems Ltd (25.72 points), Dawood Hercules Corporation Ltd (22.63 points), Pakistan Oilfields Ltd (22.24 points), Hub Power Company Ltd (20.31 points) and United Bank Ltd (15.52 points).

The stocks that contributed the most to the index included Meezan Bank Ltd (11.66 points), Habib Bank Ltd (9.96 points), Bank AL Habib Ltd (9.63 points), Engro Fertilizers Ltd (6.65 points) and MCB Bank Ltd (6.57 points).

Foreign investors were net sellers how they unloaded shares worth $1.01 million.

Published in Dawn, June 10, 2022

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Derrick Santistevan
Derrick Santistevan
Derrick is the Researcher at World Weekly News. He tries to find the latest things going around in our world and share it with our readers.

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