Intraday Report: KSE-100 Index adds around 700pts

November 27, 2023 (MLN): The benchmark KSE-100 Index opens the week on a strong note, surging by 688 points or 1.16% to trade at 59,774.39  [01:33pm PST].

The Index has traded a volume of 164.298 million shares.

KSE-100 index is being supported by Commercial Banks with 348.92, Cement with 55.65, Fertilizer with 37.8, Miscellaneous with 32.7, and Textile Composite with 25.02 points.

Companies adding points to the index are HBL with 121.55, UBL with 90.6, MCB with 89.32, LUCK with 32.19, and BAFL with 32.07 points.

On the flip side, the KSE-100 Index is being let down by Technology & Communication with 10.64, Power Generation & Distribution with 9.7, Chemical with 7.66, Oil & Gas Marketing Companies with 1.62, and Refinery with 1.32 points.

Companies dragging the index lower are MARI with 34.21, MEBL with 21.46, HMB with 12.01, SYS with 10.51 and HUBC with 10.33 points.

In the broader market, the All-Share index is nearing the 40,000 mark, currently at 39,920.97 with a net gain of 361.76 points.

KOSM is currently leading the volume charts, as it unveiled that the board has agreed to pursue the strategic partnership with The Nation Trust Holdings Abu Dhabi, UAE through its subsidiary EMNOC to establish raw and value-added mineral based business in Pakistan.

To note, the KSE-100 has gained 18,322 points or 44.2% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 19,354 points, equivalent to 47.88% in the KSE-100.

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