Benchmark index continues its positive momentum as it gains 361 points

February 28, 2019: The KSE-100 index remained volatile in initial half of the session today. However after the intervention of international communities to diffuse rising tensions between India and Pakistan, the index jacked up by 361 points by the end of today’s session, and ultimately closed at 39,054 points, marking a growth of 0.94% from previous session’s closing.

Major sectors comprising of Commercial Banks, Fertilizer, Pharmaceuticals and Automobile Assembler benefitted the most as their combined contribution to the index amounted to 202 points. The scrips of DAWH (+5.51%), OGDC (+1.2%), HBL (+1.01%), ENGRO (+1%) and SEARL (+3.81%) earned the maximum gains.

Within a range of 590 points, the index touched an intraday high of 39,149 points and an intraday low of 38,558 points. Nearly 102 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs 6.25 billion.

Congruently, the broader KSE All Share index gained around 261 points by the day end and closed at 28,506 points. It traded nearly 159 million shares today, having a value at Rs 7.39 billion.

Total 328 companies’ transacted shares in the Stock Market today, out of which 226 recorded gains and 78 sustained losses whereas the share price of 24 companies remained unchanged.

Copyright Mettis Link News