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Early Trade: KSE-100 index up by 459 points

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November 6, 2019 (MLN): The KSE-100 index has gained 459 points in the early trade session, and is currently trading at 35,817-level [10:26 am].

Yesterday, the government announced to reduce the profit rates on various national saving schemes which have fueled the sentiments of investors in the stock market. Moreover, the demand for cement is going up as construction of megaproject dams will commence in 3 to 4 months as per the Dams Committee.

So far, the Oil and Gas Exploration Companies has emerged as the top performer, as it has contributed 81 points to the index, followed by Cement Sector and Commercial Banks with 70 and 66 points respectively.

Company-wise, the index is being driven by the scrips of HUBC, LUCK, POL and OGDC.

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Posted on: 2019-11-06T10:33:00+05:00