Intraday Report: KSE100 index gains 522 points

August 3, 2022 (MLN): Following yesterday’s momentum, the benchmark KSE-100 index has gained further 522 points [11:07 am] in intraday trade and is currently trading at 40,714 points.

Investors' sentiments have improved after a gradual yet slow appreciation of PKR. Further PBS has released July’s trade data which shows that the trade deficit has improved 46.8% MoM, as imports declined by 38% MoM to reach $4.96 billion.

Market sentiments further also after the election commission’s decision which settles the dust for the short term.

So far, Banks, Oil & Gas Exploration Companies, Cement, Fertilizer, and Technology have witnessed higher buying activity as they have added around 119, 73, 69, 58, and 36 points to the index respectively.

Company-wise, the scrips of LUCK, MEBL, COLG, HUBC, SYS, POL, FFC, and MARI have endured the maximum gains.

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