Stocks close in the green on falling commodity prices


KARACHI: Pakistan’s stock market closed in the green on Wednesday on lower international commodity prices amid a likely easing of war tensions in Ukraine.

“The cement sector remained in the green zone due to a significant decline in international coal prices. Main board activity remained lackluster as investors remained cautious due to prevailing political noise,” said an analyst at Arif Habib Limited.

The Pakistan Stock Exchange KSE-100 equity index gained 0.59% or 255.87 points to close at 43,975.69 points. The KSE-30 equity index gained 0.57%, or 96.18 points, to close at 17,018.56 points.

No less than 354 scripts were active, including 215 advanced, 115 rejected and 24 remained unchanged.

Ready market volumes were 236.50 million shares, compared to turnover of 189.04 million shares in the last trading session.

Companies that recorded the highest gains included Bata (Pak) up Rs 90.01 to close at Rs 2,268/share, and Mehmood Tex up Rs 59.34 to close at Rs 853.99/share .

Companies that recorded the most losses included Rafhan Maize down Rs 400 to close at Rs 11,400/share, and Wyeth Pak Ltd down Rs 120.88 to close at Rs 2,029.12/share.

The highest volumes were seen at Flying Cement(R) with revenue of 22.34 million shares. The certificate lost 5 paisas to close at Rs0.09/share, followed by WorldCall Telecom with revenue of 19.69 million shares. It lost 3 paisas to close at Rs1.65/share. Treet Corp remained third with revenue of 15.22 million shares. He won 30 paisas to finish at Rs31.29/share.


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