Benchmark index marches towards green zone

April 24, 2019 (MLN): Following a bearish  session yesterday, the KSE-100 index ended third day of the week on a positive note by marching ardently towards the green zone. The index closed today’s trading at 36,504 points and gained  100 points, marking a positve growth of 0.28% from previous session’s closing.

The positive sentiments among investors were attributable to positive financial earnings announced by banks( HBL, UBL and MCB) .

Commercial Banks, Power Generation and Distribution companies and Oil & Gas Exploration Companies remained major contributors to the index’s gain cumulatively contributing 139 points.

The major stocks that contributed positively include UBL (+42pts), HUBC (+37pts), NESTLE (+20pts), OGDC (+16pts), HMB (+14pts) and HBL (13 pts).

Bounded within a range of 400 points, the index travelled between an intraday high of 36,733 points and an intraday low of 36,223 points. Over 93 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs 4.1 billion.

Meanwhile, the broader KSE All Share index gained 20 points only in today’s trade and closed the session at 26,653 points which is 0.08% higher than yesterday’s closing value at the index.

A total of 116 million shares were traded within this index at PKR 4.6 billion.

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