Benchmark Index KSE 100 crosses 43,000 level during early hours

Global Stocks rally on strong jobs data

MLN: The benchmark KSE 100 index has opened the session over 30 points higher than yesterday’s closing value and has crossed the 43,000 level during the first half of the day’s trading session.

This is the second session in a row where the market seems to be leaning towards the bulls, with the index having gone up by 460 points since Monday.

The index is currently trading at 43,026 points, 102 points up from yesterday’s closing value, a percentage increase of 0.24%.

So far, the index has marched up to an intraday high of 43,070 points and an intraday low of 42,856 points, a 215 points range movement during the day.

So far, the companies listed at KSE-100 have traded very little as compared to yesterday’s total volume. Volume of shares traded so far has locked in at 80.7 million at a value of PKR 5.4 billion.

Sector-wise, Commercial Banking companies have been performing the best today so far by contributing the most points to the index, followed by Oil and Gas Marketing Companies, and Cement companies. Fertilizers companies, on the other hand, have been the worst performing companies in the 100 index so far.

The broader KSE All Share Index is currently trading at 31,034 points, up by 90 points from yesterday’s closing value. The index has touched an intraday high of 31,066 points and has dropped to a low of 30,944 points, bound between a range of 121 points.

A total of 139 million shares have been traded at KSE so far, at a value worth PKR 6.8 billion.

Among the constituents, Indus motors (INDU) has gained Rs.24.2 and is the top gainer while Sanofi Aventis Pakistan Limited (SAPL) has lost Rs.25.49 to end up as the top loser within Karachi Stock Exchange so far.

Pak Elektron (PAEL) has traded the maximum shares as of now and is leading the volume at the Karachi Stock Exchange as of now, with a total of 17.5 million shares traded so far.

Posted on: 2018-08-10T13:16:00+05:00

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