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Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Intraday Report: Pakistan equities extend gains, KSE-100 rises by 0.75%

PSX Closing Bell: Unrattled
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December 06, 2023 (MLN): The benchmark KSE-100 index sustains its bullish momentum, adding 473.50 points or 0.75% to trade at 63,429.52 as of [10:24 am PST].

The index continues to see increased activity, with a trading volume of 115.672 million shares within the first hour of trading.

Investors' confidence remains uplifted amid hopes of improved economic conditions following the expected inflows from IMF and friendly countries, relatively stable currency amid government-backed administrative efforts, and a possible slash in the interest rates.

KSE-100 index is being supported by Cement with 98.02, Commercial Banks with 77.13, Power Generation & Distribution with 51.84, Technology & Communication with 47.23, and Oil & Gas Exploration Companies with 38.42 points.

Companies adding points to the index are KEL with 31.83, LUCK with 31.54, SYS with 24.77, PPL with 21.07, and ENGRO with 18.47 points.

In the broader market, the All-Share index is trading at 42,289.88 with a net gain of 283.22 points.

Company Volume

Top Ten by Volume

KEL 42,381,339
PRL 10,675,817
GGL 9,966,492
CNERGY 7,636,566
SEARL 7,254,762
PPL 7,173,709
OGDC 6,224,884
FCCL 5,661,000
WTL 5,217,596
SSGC 4,902,850

To note, the KSE-100 has gained 21,977 points or 53.02% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 23,009 points, equivalent to 56.92% in the KSE-100.

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Posted on: 2023-12-06T10:24:56+05:00