Closing bell: The perfect storm

April 26, 2019 (MLN): The local equity market has concluded the departing week on a merry note as bulls stormed through the trading floors, allowing the benchmark KSE – 100 index to gain 334 points in today’s trade to mark its third consecutive victory and to gain firmer footing in the green zone.

Today’s closing of 37,130 points not only signifies the bulls breaking through the 37,000 point mark after 5 days, but also marks a net improvement of over 220 points over the week.

The soul leader of today’s victory was the cement sector which contributed 104.7 points to the index alone. The gains on the scrips of LUCK in particular drover the index north, having recorded a rise of 4.9% in its share price in today’s session.

In total, 109.3 million shares were traded within the benchmark index, at PKR 4.6 billion. Additionally, out of the 93 companies whose shares were traded today, 71 companies recorded an upswing.

Meanwhile the broader KSE All Share Index gained 348 points in today’s session to conclude the day at 27,098 points, as a total of 143 million shares were traded within the index, at PKR 5.1 billion.

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