The KSE-100 index on Monday rose sharply to 398 points, closely approaching the mark of 47,500 points, although trading volumes were lower.

At the end of the day, the KSE-100 index closed with a profit at 397.96 points, or 0.85%, and closed at 47,453.25.

This Index rose as Investors’ kept the Lockdown news aside and focused on positive news including Higher tax collection, Lower inflation reading, and higher exports.

The KSE 100 index rose on the back of technology and communications (57.84 points), banking (55.39 points), and textile composite material (49.06 points) sectors.

The volume of the All-Share index fell from 399.09 million on Friday to 252.34 million on Monday. The value of shares sold during the session was Rs 9.25 billion, clearly less than Rs 13.76 billion on Friday.

WorldCall Telecom remained the volume leader with 16.85 million shares, followed by Hum Network with 15.98 million shares and Byco Petroleum with 13.73 million shares.

HASCOL, Engro Polymer and Chemicals, Pakistan Services Ltd hit upper lock during the trading session.

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