Intraday Report: KSE-100 index gains around 1%

October 02, 2023 (MLN): The Pakistan Stock Market (PSX) started the week strong, with the benchmark KSE-100 Index gaining 450.73 points or 0.97% to trade at 46,683.32 by mid-morning on Monday.

The positive sentiment stemmed from the caretaker government's announcement of a cut in the prices of petrol and diesel, reducing them by Rs8 and Rs11 per liter respectively.

Moreover, Pakistani Rupee ended September as the world’s best-performing currency, appreciating by 6.19% against the US Dollar, its second-highest monthly gain since 2014.

The total volume of the KSE-100 Index traded as of now is 22.027 million shares.

The KSE-100 index is being supported by Commercial Banks with 101.96, Fertilizer with 86.92, Oil & Gas Exploration Companies with 79.77, Technology & Communication with 75.26, and Power Generation & Distribution with 27.04 points.

Companies adding points to the index are ENGRO with 71.01, SYS with 58.72, MEBL with 37.36, POL with 30.91, and PPL with 24.7 points.

In the broader market, the All-Share index is trading at 31,391.53 with a net gain of 232.82 points.

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