Closing Bell: A full blown victory!

May 22, 2019 (MLN): The KSE-100 index ended today’s session on a remarkable note, as it gained 1,195 points and reverted above 34,000-mark to 34,637 points. As pointed out earlier, the impact of a plausible equity bailout fund started to materialize steadily at the start of the week, and resulted in a full blown victory in today’s trading activity.  

A number of sectors benefitted from this change of ether, with the most prominent ones being E&P companies, Fertilizer sector, and Commercial banks, as they collectively contributed nearly 703 points to the benchmark index.

Moreover, the scrips that emerged as the key performance drivers included FFC (+5.00%), POL (+5.00%), LUCK (+5.00%), EFERT (+5.00%), DAWH (+5.00%), OGDC (+4.98%), PPL (+4.99%) and HUBC (+4.99%).

The index remained positive throughout the day and touched an intraday high of 34,698 points. Moreover, the share prices of 80 companies reported an increase, whereas 10 companies reported a decrease. A total of 140 million shares were traded in today’s session, having a value of 4.8 billion.

The broader KSE All Share index ended the session on a corresponding note, as it gained around 711 points and closed at 25,529 points. It traded nearly 203 million shares, having a value of Rs. 5.3 billion.

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