KSE-100 buzzing high following positive signs on BOP crisis and Chinese bailout

November 7, 2018 (MLN): The KSE 100 index has shown improvement during the initial hours of today’s trading session, primarily by virtue of positive indications given by Finance Minister Asad Umar who proclaimed in his speech on Tuesday that Pakistan's balance of payments crisis is over, and assured that China is committed to providing short-term relief to Pakistan.

The index has started on a significantly positive note by gaining around 437 points during the initial hours of the day, and is currently trading at 41,394 points

Commercial banks, Cement, Fertilizer and Oil & Gas Exploration Companies emerged as the top net gainers as they have contributed around 270 points to the index so far.

Among the index heavy weights, LUCK (+2.86%), BAHL (+2.28%), MCB (+1.36%) and ENGRO (+1.11%) have gained the most points hitherto.

Within a range of 638 points, an intraday high of 41,596 points has been recorded whereas the intraday low remains at 40,958 points. About 59 million shares traded today for the scrips listed on the benchmark index.

Likewise, the broader KSE All Share won 230 points and is currently trading at 29,992 points. An intraday high of 30,096 points intraday low of 29,761 points has been recorded so far.

Over 89 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs. 4.2 billion.

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