December 10, 2018 (MLN): Having re-entered the stock market after a net loss of over 1800 points in KSE-100 last week, the bulls seem to be dominating the trade during early hours of today’s session.
The benchmark index has gained 577 points as of now and having successfully pushed the index above the 39,000 points touchstone, it is currently trading at 39,140 points.
KSE – 100 has marked an intraday high of 39,220 points so far, while intraday low dropped to 38,562 points.
Market participants have traded over 32.4 million shares by now, valued at PKR.1.8 billion.
Primarily, Oil & Gas Exploration Companies seem to be driving the index towards gains, as the sector contributes over 200 points to the 100 index alone. Meanwhile, Commercial Banks add 69 points, whereas Cement sector adds 65 points to the index.
Amongst the index heavyweights, PPL (+5%) and OGDC (+3.2%) are the key driving forces of the index at present.
On the other hand, the broader KSE All Share has gained 358 points and is currently trading at 28,690 points. The volume of trade logs in at 45 million shares with its value at PKR 2.2 billion.
