KSE – 100 gains 592.19 points

After losing more than 1000 points during the last three session, the index finally managed to post a positive close today. Attractive valuations coupled with the consistent foreign interest in the stocks helped bullish rally. Market opened on a positive note and traded higher during the day as sentiments were boosted not only due to sizeable foreign inflow in the last couple of sessions.

Bullish Sectors the day include Commercial Banks +180pts, Oil & Gas E&P +124pts and Cement +86pts. Volumes increased by 30 million shares to cross 160mn mark against 130.5 million tally of yesterday. Stocks that contributed significantly to the volumes include PIAA, FABL, DCL, TRG and WTL reflecting 32% of total volumes.

Sector-wise all share index turnover was led by Cement (22.874 million), Commercial Banks (20.091 million), and Transport (16.845 million) with Automobile Sector (5.904 million) and Power Generation & Distribution (5.702 million) stocks trailing at the bottom.

KSE-100 Index at the day end moved a total of +592.19 points down by +1.40%, closing in at 42939.68 points with index high-low range of 43142.59 – 42324.27.

KSE – All Share Index Volume was at 160.860 million shares, value of shares traded for all-shares index reached PKR 7.219 billion.

The index movement was limited within the 818.32 points range.

69 companies closed up, whereas 19 were down at the day end.