KSE 100 fails to sustain positive momentum during initial hours of trading

Pakistan’s benchmark index, KSE 100, opened the first session of the week 164 points above its’ last closing, but has so far failed to garner enough positive momentum as the index value has returned to about the same level as the last closing.

So far during the first few hours of trading, the index is up merely 23 points, and is currently trading at 42,470 points. An intraday high of 42,701 has been recorded, with an intraday low of 42,446 points, thus the index has travelled a range of 254 points yet.

Cement companies are leading the gains on the 100 index so far, followed by commercial banks and power generation and distribution companies. Tobacco companies on the other hand have taken the most points from the 100 index so far.

A total of 36.2 million shares have been traded of the companies constituting the 100 index so far, at a value PKR 2.17 billion.

KSE All Share Index, on the other hand, has witnessed almost no gains so far, currently trading at 30,726 points.

Rafhan Maize Products Limited (RMPL) is leading the gains on KSE, having gained Rs 361.17 or 4.81% of its stock value, currently trading at Rs 7865.

Unilever Pakistan Foods Limited (UPFL) on the other hand has suffered the greatest price decrease on KSE so far, having lost Rs 325 from its stock value, or 4.13%, and is now trading at Rs 7550.

A total of 78.12 million shares have been traded at KSE so far, at value worth PKR 3.04 billion.