KSE – 100 gains 775.83 points

KSE – 100 closed the session today after gaining more than 775 points. The winning streak continued for the ninth consecutive session. The index registered a significant increase in value and volume after starting the day with subdued volumes.

In the news, Pakistan Petroleum PPL +3.3% after notifying the exchange of Government of Pakistan allowed the company to continue production under Sui Mining Lease. Furthermore, market was injected with optimism after comments supporting Pakistan’s counter terrorism efforts came from the Chinese State Officials.

Sector-wise all share index turnover was led by Cement (36.754 million), Technology & Communication (30.312 million), Commercial Banks (29.675 million) and with Oil & Gas Marketing Cos. (7.973 million) and Fertilizer (6.275 million) stocks trailing at the bottom.

KSE-100 Index at the day end moved a total of +775.83 points up by +1.91%, closing in at 41486.87 points with index high-low range of 41566.76 – 40534.79.

KSE – All Share Index Volume was at 229.369 million shares, value of shares traded for all-shares index reached PKR 10.519 billion.

The index movement was limited within the 1031.97 points range.

69 companies closed up, whereas 22 were down at the day end.