Capital markets trend upward in pursuit of recuperation

October 19, 2018 (MLN): Pakistan’s capital markets continued their journey to recovery for the third day in a row as the benchmark 100 index concluded the final session of the week in green, breaking through the 38,000 points touchstone.

Having begun the day’s trade in negative, KSE – 100 index regained momentum through the session and  closed it 468 points above yesterday’s closing, logging in at 38,450 points at day end.

Oscillating within a range of 692 points, the index touched an intraday high of 38,452 points and an intraday low of 37,759 points.

A total of 104.7 million shares of the companies listed within the 100 index were traded during the day at PKR 4.9 billion.

Sector-wise, Commercial Banks and Cement chipped in over 215 points to the index collectively, coming out as the best performing sectors of the day.

The blue chips that steered the benchmark index in a positive direction included LUCK (+3.63%), PSO (+3.50%), SNGP (+4.94%), BAHL (+1.91%) and PIBTL (+10.10%).

On the other hand, the broader KSE All Share index ended the day 292 points higher than prior day’s closing value, at 28,422 points.

An intraday high of 28,455 points was recorded for the KSE index, while intraday low stood in at 28,046 points at closing.

A trading activity of 230.2 million shares was witnessed by the index, at PKR 7.6 billion.

Of all the companies that traded within the KSE All Share index, 269 companies’ share prices experienced growth, 56 companies’ share prices recorded a decline while 15 companies’ remained unchanged.

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