LAHORE - Bull-run continued on Thursday at the Pakistan Stock Exchange which closed the week on a positive note ahead of Eid holidays.

The benchmark KSE 100-share index, which made an intra-day high of +224 points and a low of -48 points, closed up 173.18 points at 43,680.68 points. Stock market opened positive and traded sideward throughout the day, however gained some points towards the close after institution interest. The bourse will be closed from Friday (today) till Monday for Eid-ul-Fitr.

Cements and energy stocks shored up the index whereas financials remained in the red. HBL (-1.25 percent), UBL (-0.38 percent) and MCB (-0.77 percent) were the major laggards in financials. Moreover, yesterday's major heavyweights namely OGDC (+0.91 percent), PPL (+1.81 percent), ENGRO (+1.43 percent), POL (+1.17 percent) and HUBC (+0.70 percent) cumulatively contributed +113 points to the index.

Traded volumes slightly improved by 5 percent DoD to 118m shares while value traded increased to $53m. Top volume stocks were BOP (+1.29 percent), BAFL (-0.16 percent) and TRG (+2.20 percent).

 

Moving forward, it is expected that market will remain volatile and choppy with flows from local and foreign institutions directing the market.