January 29, 2019 (MLN): The bulls staged another rally at the trading floors, as the benchmark KSE – 100 index gained another 204 points, steadily moving towards the next milestone of 41,000 points and closing the day’s trade at 40,624 points.
Today’s gains were led by Oil & Gas Exploration Companies, PPL (+1.96%) and OGDC (+1.63%) in particular.
The initial hours of today’s session were dull as compared to the latter part of day when the index mounted to an intraday high of 40,647 points. The gathered momentum could be a result of Finance Minister Asad Umar’s statement that talks with the IMF are progressing and that the Fund has eased its stance on some of its previous conditions.
The volume of shares traded today exceeded yesterday’s trade volume by over 5 million shares, as a trading activity of around 73.7 million shares was witnessed today.
The value of trade logged in at Rs.5.2 billion.
Out of the 94 companies whose shares were traded, 56 companies’ share prices witnessed a rise.
Meanwhile, the broader KSE All Share gained 139 points in today’s trade and closed the session at 29,601 points.
In total, 154.7 million shares were traded within the broader KSE index at PKR 6.9 billion.
