Benchmark index on its way to redeem yesterday’s losses

December 04, 2018 (MLN): The benchmark 100 index rebounded in the green region in today’s trade after a substantial decline of 1,355 points yesterday. The index gained over 422 points by day end and closed in at 39,602 points, demonstrating positive sentiments amongst market participants.

Commercial Banks, Oil & Gas Exploration Companies, Power Generation & Distribution and Fertilizers emerged as the major net gainers as they contributed 170, 120, 79 and 61 points to the index respectively.

Among the index heavy weights, gains on the scrips of HUBC (4.38%), HBL (2.75%), MCB (3.15%), OGDC (2.37%) and PPL (2.23%) coxed the index towards gains.

Travelling within the range of 768 points, the index touched an intraday high of 39,657 points and an intraday low of 38,889 points.

Around 140.5 million shares were traded today for the scrips listed on the benchmark index with the total value of trade was recorded at Rs.9.8 billion.

On the other hand, the broader KSE All share also gained 368 points by day end, concluding the day’s trade at 28,867 points.

An intraday high of 28,893 points and an intraday low of 28,369 points was recorded by the day end for the all share index with a range of 523 points.

Over 195.8 million shares of the scrips listed within the broader KSE All Share Index have been traded today, with its value recorded at Rs.11.16 billion.

Copyright Mettis Link News

Posted on: 2018-12-04T17:44:00+05:00