Shares closed higher yesterday with the KSE-100 index up by 100.28 points or 0.32 per cent at 31,690.10 in range bound trading.
The bourse started in the negative zone on the investors’ anxiety over the political party protest in Lahore. Foreign investors were net sellers of $6.76 million worth shares on Monday.
Other local participants including institutions and individuals also preferred to take profit. However, the market received strong support from Non-Bank Financial Institutions (NBFCs) which absorbed $12.24m worth stocks on Monday.
The Oil & Gas sector witnessed buying on Monday with PSO, PPL and OGDC up by 3.7pc, 2.32pc and 1.47 pc, respectively. Mixed trend was observed in banking sector as NBP and UBL dropped by 0.1pc and 2.28pc respectively, while BOP, SMBL and JSBL gained 1.85pc, 23.63pc, 1.65pc and 2.01pc. In cement sector DGKC, FCCL, LPCL and PIOC rose by 0.06pc, 0.78pc, 2.61pc and 1.21pc respectively.
