KSE-100 index turns green, gains 191.05 points

November 7, 2022 (MLN): Benchmark KSE-100 index on Monday remained positive throughout the day with healthy activity across the board to close in green.

The Pakistan Stock Exchange’s positive reaction is attributed to the recent speech by Finance Minister Ishaq Dar regarding the inflows of $13bn from China and Saudi Arabia.

During the recent visit of the Prime Minister to Beijing, the Chinese leadership promised to rollover to renew a loan worth $4bn for Pakistan, Finance Minister said.

As a result, the KSE-100 index gained 191.05 points (0.46% DoD) to close the session at 42,047.36.

The benchmark KSE-100 index made an intraday high of 42,207.42 and an intraday low of 41,856.31 during the day.

By the session’s end, the total volumes of the KSE-100 index stood at 63.26mn shares, decreased by 11.04% DoD from 71.11mn shares traded last week Friday.

In terms of sectors, most of the positive contributions came from technology, oil & gas marketing, oil & gas exploration, commercial banks, and power gencos which cumulatively added 129.59 points to the index tally by the day’s end.

Out of 94 companies’ shares traded today 61 companies recorded gains and 29 companies sustained losses and four company share remains unchanged.

Meanwhile, the volume leaders on the benchmark index were PTC (8.92mn), FABL (8.72mn), TRG (5.96mn), CNERGY (5.91mn), and AVN (3.66mn).

The scrips which gained the most during the session included: SRVI (3.16%), APL (3.27%), GADT (3.65%), INDU (0.81%), and PKGS (1.88%%). On the other hand, the stocks that emerged as net losers during the day included THALL (1.74%), MUREB (0.92%), KOHC (1.20%), SHFA (1.27%), and GLAXO (1.06%).

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