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Saturday, August 13, 2022

With small gains, the PSX finishes the week on a good note.

KARACHI: The Pakistan Stock Exchange (PSX) experienced a tumultuous trading session on Friday, but the week concluded on a good note with slight gains, a day after a negative run pushed the market below the 46,000-point threshold.

Investors poured money into chosen sectors that boosted the surge as a result of encouraging financial performance.

Moreover, the rupee’s steady advance versus the US dollar, as well as strong economic indicators, aided the bulls during the day.

The benchmark KSE-100 index rose 46.72 points, or 0.10 percent, to 45,909.65 points at the close.

During the session, 360 businesses’ shares were exchanged. 158 scrips closed in the green, 178 in the red, and 24 stayed unchanged at the close of trading.

Overall trading volumes fell to 192.47 million shares, down from 328 million on Thursday. During the day, Rs8.89 billion worth of shares were traded.

With 12.79 million shares traded, WorldCall Telecom Limited was the most active, dropping Rs0.04 to settle at Rs2.29. Telecard Limited came in second with 9.68 million shares traded, up Rs0.26 to Rs17.71, and Ghani Global Holdings came in third with 8.03 million shares traded, up Rs0.14 to Rs22.38.

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