KSE-100 concludes the last session of the week in neutral zone

December 21, 2018 (MLN): The KSE 100 index gained a meager 14 points by the end of today’s trading session. The index was down by 260 points by the end of first session. However, it gained momentum and shot up by 230 points as soon as the news of UAE’s plan to deposit $3 billion in State Bank of Pakistan broke out, ultimately closing the session at 38,251 points.

While the market showed minimum volatility, Oil & Gas Exploration companies continued to remain under pressure as they topped the net loser’s list. On the other hand, Oil & Gas Marketing Companies ended the session on a comparatively brighter note by gaining 42 points.

Among the index heavy weights, the scrips of PAKT (+4.22%), PSO (+3.03%), ENGRO (+0.95%) and ABL (+4.54%) remained in the safe zone.

Throughout the day, the index moved between an intraday high of 38,487 points and an intraday low of 37,845 points, recording a range of 641 points, Around 98 million shares traded today for the scrips listed on the benchmark index with their total value recorded at Rs 5.7 billion.

The KSE All Share index, however, exhibited somewhat same outcome as it gained merely 95 points by the day end and closed in at 28,384 points.

Over 130 million shares of the scrips listed within the broader KSE All Share Index were traded today, with their value recorded at Rs 6.7 billion. While the share price of 139 companies went up and 134 companies went down, the prices of 24 companies however remained unchanged

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