KSE-100 Index continues bullish trend with 261 points gain

October 5, 2022 (MLN): KSE-100 benchmark index upward trajectory continued with 261 points gain (0.64%), to close at 41,611.42 points on Wednesday.

Pakistan Stock Exchange continuous positive change is due to rupee’s acceleration against dollar, country’s trade deficit declined by 21% MoM to clock in at $9.20 billion in 1QFY23, and investors’ confidence boost on Dar’s statement to steer Pakistan out of turbulent economic waters.

Out of 96 companies’ shares traded today 48 companies recorded gains and 42 companies’ sustained losses and 6 companies’ shares remain unchanged.

In terms of sectors, most of the positive contribution came from technology, cement; fertilizer, oil & gas and engineering sector which cumulatively added 279.38 points to the index tally by the day’s end.

The index witnessed a volume of 127.13 million, an increase of 9% from 115.72mn shares traded on Tuesday. Meanwhile, the volume leaders on the benchmark index were TRG (21.77mn), CYNERGY (12.64mn), KEL (11.64mn), MLCF (10.06mn), and AVN (7.78mn).

The scrips which gained the most during the session included: RMPL (5.61%), UPFL (2%), MARI (3.05%), ICI (1.67%), and LUCK (2.14%). On the other hand, the stocks that emerged as net losers during the day included PSEL (5.17%), COLG (0.47%), PAKT (1.05%), ARPL (1.18%), and GADT (2.05%).

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