Intraday: KSE-100 Index crosses 40,000 points for the first time since Feb 25, 2019

December 2, 2019(MLN): The KSE-100 index has notched intraday record by gaining around 713 points so far to surpass 40,000 level since February 25, 2019. [2: 17 pm].

The upward momentum continues in the stock market as Moody's changes Pakistan's outlook to stable from negative, affirming B3 rating.

Moreover, the increase in exports by 9.6% YoY during November 2019 has further increased the confidence of investors which reflects in the market. Advisor to Prime Minister on Commerce, Textile, Industry & Production and Investment Abdul Razak Dawood mentioned the exports figures in his tweet yesterday.

Commercial Banks has captured the maximum gained so far, as it has contributed 512 points to the benchmark index, followed by Oil and Gas Marketing Companies with 51 points. Company wise, the scrips of HBL, MCB, UBL, BAHL and BAFL have gathered the maximum points.