Bull returns as KSE-100 crosses 40,000 mark first time in 3 weeks

October 26, 2018 (MLN): Following the news on potential financial assistance expected from UAE, Pakistan’s capital markets regained their lost momentum as the KSE – 100 index started mounting once more, after a dull trade during early hours.

The benchmark 100 index finally broke through the much anticipated touchstone of 40,000 points, and concluded the last trading session of the week 924 points over yesterday’s value, closing in at 40,556 points (+2.33%). This marks a period of 3 weeks since the 100 – index had touched this peak.

Commercial banks, Oil & Gas Exploration Companies, Fertilizer, and Cement sectors emerged as the top gainers as they jointly contributed 712 points to the index.

Among the index heavy weights, gains on the scrips of OGDC (+4.83%), PPL (+4.51%), HBL (+4.9%) LUCK (+5%), and ENGRO (+3.08%) navigated the index to the green region.

Variably travelling within a range of 1,229 points, the index touched an intraday high of 40,604 points and an intraday low of 39,375 points. Around 236 million shares were traded today for the scrips listed on the benchmark index, with their total value recorded at Rs.11.5 billion.

Likewise, the broader KSE All share index concluded the day in green as well, having gained around 585 points and closing in at 29,667 points.

An intraday high of 29,762 points and an intraday low of 28,990 points was recorded by the day end for the all share index with a range of 772 points.

Over 367 million shares of the scrips listed within the broader KSE All Share Index were traded today, with its value recorded at nearly Rs.14 billion.

Within the broader KSE All share index, share prices of 234 companies soared high whereas the prices of 99 companies tumbled.

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