100 index breaks five-day loosing streak

Losses on the 100 index came to a halt as the benchmark index up surged by approximately 172 points in the second trading session of the month, to close at about 41,753 points, up by 0.41% during the day.

Gains on the index mark an end to the five-day loosing streak that the index has been paddling through. The volume traded during the day however fell to only 65 million shares, at a value worth PKR 2.8 billion compared to the 80 million shares traded the day before.

The 100 – index saw an intraday high of 41,790 points and sank to an intraday low of 41,555 points, thus travelling within a range of 235 points today.

Within KSE – 100, 90 companies’ shares were traded today. Of these 90 companies, 57 companies closed the day in the green zone, with respect to change in their stock prices.

Meanwhile, 29 companies closed the day in red and 4 companies’ stock prices remained unchanged from their previous closings.

The welcome respite was led by Cement (+58pts), E&P (+40pts), Banks (+31pts), Power (+24pts) and Auto Assembling (+13pts) sectors. In particular, gains on PPL (+1.1%), OGDC (+1.1%) were among the top stocks that drove the index today as crude oil prices rose.

KSE All Share Index similarly gained 132 points at the session end, settling at 30,666 points, up by 0.44%. The index peaked to an intraday high of 30,717 points and dropped to an intraday low of 30,532 points, witnessing a trading activity of 126.4 million shares at a value worth PKR 4.08 billion.

In total, 320 scrips were traded within Karachi Stock Exchange today. Of these, 171 scrips advanced to the positive, 128 scrips declined to the negative while 21 scrips remained as they were, in terms of change in their stock prices.

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