KSE - 100 gains 209.94 points

After a series of mixed closes, index today managed to end the session on a better note. Closing above more than 200 points, the index witnessed a 7.4% increase in market participation.  Energy stocks witnessed a decline as the oil rally in the international markets subsided after a power purge in Saudi Arabia led by Muhammad bin Salman. In an attempt to consolidate power, MBS has arrested many of Kingdom's businessman and princes against the charges of corruption. Contrary to that, auto sector demonstrated a rise in investors’ confidence with healthy activity in PSMC and HCAR.

Cement, Oil & Gas Marketing Companies accompanied by Automobile sector scrips took the index upward during the session as markets performance was rather lackluster.

Sector-wise all share index turnover was led by Oil & Gas Marketing Companies (15.03 million), Power Generation & Distribution (14.37 million) and engineering (10.98 million) stocks, and with Fertilizer (3.56) and Automobile Assembler (4.25 million) stocks trailing at the bottom.

Market participation for the 100 Index increased to 57.22mn shares (+7.4% on d/d basis).

KSE-100 Index at the day end moved a total of +209.94 points up by 0.51%, closing at 41259.16 points. Index Volume was 57.21 million shares, value of shares traded was PKR 4.92 billion with index high-low range of 41293.80 – 40970.62.

The index movement was limited within the 323.18 points range.

60 companies closed up, whereas 28 were down at the day end.