Capital markets rejoice their third day in green

March 1, 2019 (MLN): After going through a turbulent phase recently in the wake of ongoing political tension with India, the benchmark KSE – 100 index successfully marked its third day in green as it closes the week and begins the month with the largest gains in the last three session, that of 484 points.

The index concluded today’s session at 39,539 points, primarily driven by the Commercial Banks and Oil & Gas Exploration Companies the most prominent among which were the gains made by HBL (+3.12%), OGDC (+2.74%) and BAHL (+3.61%).

The market participants traded over 94.69 million shares in today’s session, at PKR 6.14 billion. However, the volume and value of today’s trade fell noticeably short of yesterday’s figures.

Moreover, out of the 93 companies whose shares were traded today, the share prices of 69 companies recorded a rise while that of only 20 companies declined.

On the other hand, the broader KSE index gained 345 points today, bringing the closing value to 28,852 points.

A total of 137.2 million shares were traded of the companies listed within the All Share Index, at PKR 7.4 billion.

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