Capital markets welcome the bulls’ return to trading floors

February 12, 2019 (MLN): After consecutive losses in the last four trading sessions, the bulls have finally returned to the trading floors today, thereby lifting the KSE – 100 index by 269 points to close the day’s trade at 40,596 points.

The bulls rallied on the backs of Oil & Gas Exploration Companies and Cement Companies as the two sectors collectively contributed over 200 points to the index. Meanwhile, Commercial Banks performed the poorest today.

In particular, the blue chips that finally steered the index towards green were LUCK (+3.81%), OGDC (+2.41%) and POL (+2.38%).

The number of shares traded today exceeded yesterday’s volume by over 3.5 million, while today’s count is 91.1 million shares, traded at Rs.5 billion.

The shares of 90 companies within the benchmark index were traded today and by the end of session, the share price of 55 companies had risen while that of 33 companies sank.

On the other hand, the broader KSE All Share Index performed well today too, having gained over 108 points by day end to close the session at 29,408 points.

Within the broader index, 165 million shares were traded at Rs.6.5 billion, today.

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Posted on: 2019-02-12T17:14:00+05:00