$1 bln tranche received from Saudi lifts KSE-100 by 574 pts

December 14, 2018 (MLN): The KSE 100 index rebounded in today’s trading session after a decline of 295 points yesterday. The index gained over 574 points by the day end and closed in at 38,585 points on account of the $1 billion received by Pakistan from Saudi Arab as the second tranche of the bailout package, creating positive sentiments amongst investors.

Commercial Banks, Fertilizer, Oil & Gas Exploration Companies and Oil & Gas Marketing Companies emerged as the major net gainers as they contributed 164, 128, 81 and 43 points to the index respectively.

Among the index heavy weights, gainers on the scrips of ENGRO (4.14%), PPL (2.83%), HBL (2.01%), UBL (2.66%) and HUBC (2.27%) coxed the index towards gains.

Travelling within the range of 586 points, the index touched an intraday high of 38,597 points and an intraday low of 38,011 points. Around 65.9 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 3.82 billion.

Congruently, the broader KSE All share also gained 307 points by the day end and closed in at 28326 points.

An intraday high of 28,351 points and an intraday low of 28,019 points was recorded by the day end for the all share index with a range of 332 points.

Over 98.5 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs. 4.67 billion.

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