Banks drive up the capital markets and KSE-100 records decent gains

October 10, 2018 (MLN): The KSE-100 index continued to rejoice its stay in the green zone as the market went up by approximately 287 points, and closed in at 38,792 points by the day end.

Commercial banks, Cement and Fertilizer sectors emerged as the top gaining sectors as they collectively contributed 258 points to the index.

Among the index heavy weights, MCB (+4.12%), UBL (+2.86%), HBL (+1.43%), LUCK (+1.98%) and OGDC (+1.04%) weighed in the rise of the index.

An intraday high of 38,826 points was seen today, while the intraday low remained at 37,894 points, within a range of 932 points in the index.

Likewise, the broader KSE All Share showed neutral activity by gaining 85 points by the day end, and closing in at 28,384 points. An intraday high of 28,395 points was recorded for the KSE All Share index, while the intraday low sunk to 27,900 points today.

Over 197 million shares of the scrips listed within the broader KSE All Share Index were traded today, with its value recorded at Rs.1.7 billion.

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