KSE – 100 gains 100 points

KSE – 100 continues to make inroads upwards during the day as local investors’ inflows continue to help the market gained a significantly upward trajectory. The recent uptick has been witnessed by an increasing inflows in the Cement, Oil & Gas Scrips, and Commercial Bank Stocks.

Analysts continue to posit a weak economic outlook for the future of the economy in the next year as widening twin deficits, coupled with rising international oil prices might not allow the economy to grow at the same pace as during the last 4 years. However, on the other hand, the early harvest projects under the CPEC umbrella will help the country in smooth growth for the long-term. Pakistan’s new Finance Team must look at developing sustainable policies in the near future for a short term and long term fix to the economy.  

Sector-wise all share index turnover was led by Technology & Communication (46.375 million), Cement (36.008 million), Commercial Banks (31.070 million) and with Fertilizer (10.137 million) and Inv. Banks/Inv. Cos./Securities Cos. (9.932 million) stocks trailing at the bottom.

KSE-100 Index at the day end moved a total of +100.17 points up by +0.25%, closing in at 40471.48 points with index high-low range of 40644.74 – 40271.18.

KSE – All Share Index Volume was at 240.753 million shares, value of shares traded for all-shares index reached PKR 9.353 billion.

The index movement was limited within the 373.56 points range.

48 companies closed up, whereas 43 were down at the day end.