Bulls back in action as the week opens

Capital markets are witnessing optimistic sentiments during the opening of the first trading session of the week. The benchmark KSE – 100 index opened in the positive territory and is maintaining the momentum so far.

Having gained 146 points as of now, the 100 – index is currently trading at 42,734 points.

Intraday high for the initial few hours of the day has been recorded at 42,745 points while intraday low sunk to 42,588 points, as the index travels within a range of 156 points.

So far, the companies listed within KSE – 100 have observed a trading activity of 28.9 million shares at a value of PKR 1.6 billion.

Sector-wise, Commercial Banks are the most generous contributors to the KSE – 100 index, having contributed 76 points to it by now.

The broader KSE – All Share on the other hand has gained 119 points and is presently trading at 31,011 points, with an intraday high of 31,020 points and intraday low of 30,889 points. The index is moving within a range of 130 points.

73 million Shares of the companies constituting the KSE All Share, have been traded so far, at a value of PKR 2.9 billion.

Phillip Morris Pakistan is currently leading the gains on Rupees basis, having gained Rs.157.1, whereas Mari Petroleum has lost Rs.27.95 and is trading as the top loser on KSE, as of now.