KSE-100 gains over 570 points during intraday

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MG News | October 13, 2023 at 02:41 PM GMT+05:00

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October 13, 2023 (MLN): Owing to the positive sentiments, the benchmark KSE-100 index gained over 570 points or 1.17% [02:41 pm] to trade at 49,353.07 during Friday's second session.

Sectors propping up the Index were Commercial Banks with 146 points, Oil and Gas Exploration Companies with 119, Automobile Assemblers with 54, and pharmaceuticals with 43 points. 

The most points added to the Index were by INDU, MRPL, MARI, ABOT, MTL, and HINOON. 

This notable surge in buying activity is attributed to the improving rupee's value against the US dollar and upcoming corporate earnings wherein the market expects decent profits.

Meanwhile, yesterday's announcement by PSMC has also played a due role in boosting the buyers' sentiments today. 

 

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0.15%
131.52
KSE30 42,254.84
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0.43%
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KMI30 194,109.59
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0.03%
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-0.09%
-23.70
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Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,995.00 118,195.00
117,905.00
375.00
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BRENT CRUDE 73.47 73.63
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0.96
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RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
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ROTTERDAM COAL MONTHLY 104.50 104.50
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USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.26 70.33
70.18
0.26
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16.37
-0.13
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