KSE-100 continues to yield gains as investors turn optimistic

October 25, 2018 (MLN): The KSE 100 index ended today’s trading session on a positive note as it gained approximately 360 points by the day end to close in at 39,631 points.

The positive outcome was a result of a boosted investor confidence following the news of Saudi bailout of $6 billion for revival of Pakistan’s economy.

The optimistic sentiments were also induced by the Mutual Funds industry as its current stake in the market as of now accounts for around 81%.  

Fertilizer, Cement and Oil & Gas Exploration Companies emerged as the top gainers as they jointly contributed 340 points to the index.

Among the index heavy weights, losses on the scrips of FFC (+4.88%), LUCK (+5%), ENGRO (+2.1%), PSO (+3.35%), PPL (+1.42%) and SNGP (+5%) coxed the index towards the green zone.

Within a range of 798 points, the index touched an intraday high of 40,069 points and an intraday low of 39,271 points. Around 199 million shares traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 10.6 billion.

The KSE All share index also gained around 156 points during today’s session and closed in at 29,082 points.

An intraday high of 29,346 points and an intraday low of 28,875 points was recorded by the day end for the all share index with a range of 471 points.

Over 343 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs.13.2 billion.

Within the broader KSE All share index, share prices of 185 companies soared high whereas the prices of 151 companies plunged.

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Posted on: 2018-10-25T17:56:00+05:00