Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Bulls continue their push as the 100 index gains 750 points

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Pakistan’s Benchmark index, KSE 100, ended the first session post elections 2018, about 750 points over the last closing session, continuing the bullish trend seen during the last session.

The index closed at 42,089 points, an increase of about 1.81% from the last session. The index had previously gained about 875 points in the last trading session.

The high for the day was recorded at 42,136 points, while the low for the day was 41,339 points, with the index trading in the range of about 796 points.

Volume traded in the companies constituting the 100 index came out to be 129.78 million shares by the end of the session, much higher than the previous trading session.

Commercial banking companies was the best performing sector today, contributing a total of 192 points to the 100 index. The sector was followed by Oil and Gas Exploration Companies, Cement Sector, and Fertilizer Sector, which together with commercial banks contributed a total of 561 points to the 100 index.

Chemical, Refinery, Tobacco, and Transport, on the other hand, were the worst performing sectors today, taking a away a total of 22.6 points from the 100 index.

In total, 69 companies of the 100 index advanced during the day, while only 19 companies were down. 6 companies remained unchanged from the last session, while 6 were not traded at all.

The broader KSE All Share Index witnessed a slightly smaller increase compared to the benchmark 100 index as it gained 1.19% during the day, closing in at 30,377 points. Total volume in all the companies being traded in the Karachi Stock Exchange was recorded at about 254 million shares, a significant leap from its average trading volume on a typical day.

The intraday high in KSE All Share stood at 30,414 points while the intraday low stood at 30,019 points, as the index travelled in a range of 395 points today.

A total of 202 companies ended the day in the positive while 95 companies were in the red at the session’s closing. 21 companies remained unchanged while, 301 companies were not traded at all.

Sector turnover at KSE was led by Commercial Banks with 38.47 million shares traded, followed by Transport sector, with trades of 27.10 million shares.

NET GAINERS

NET LOSERS

VOLUME LEADERS

Posted on: 2018-07-26T18:05:00+05:00

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