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KSE-100 gains 434 points as investors indulge in active buying

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November 15, 2018 (MLN): The KSE 100 index marched ardently towards the green zone by the end of today’s trading session, as the decision by MSCI to place Lucky Cement and United Bank to Small Cap Index failed to generate negative sentiments within the stock market. Renewed buying interest in UBL and HBL kept the buying momentum going for the day.

Furthermore, the investors hailed decline in international coal prices which resulted in companies like Cherat Cement Company Limited and Pioneer Cement Limited witnessing active buying.

The surprisingly positive upshot resulted in the index gaining approximately 434 points by the day end and closing in at 41,428 points.

Cement, Fertilizer and Chemical sectors emerged as the top net gainers as they jointly contributed 136 points to the index.

Among the index heavy weights, the scrips of HBL (+4.91%), OGDC (+5%), BAHL (+3.04%) and LUCK (+1.24%) gained the most from the market uplift.

Engulfed within a range of 535 points, the index touched an intraday high of 41,477 points and an intraday low of 40,942 points. Around 145 million shares traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 8.5 billion.

The broader KSE All share also gained around 141 points by the day end and closed in at 29,845 points.

An intraday high of 29,984 points and an intraday low of 29,692 points was recorded by the day end for the all share index with a range of 292 points.

Over 254 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs. 11 billion.

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Posted on: 2018-11-15T17:09:00+05:00

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