January 4, 2019 (MLN): Having plunged into the abyss of losses for two consecutive days, the stock market finally progressed by the end of the first week this year. The index increased by 5 points and closed at 37,547 points. The improvement in performance was attributed to higher international crude oil prices. However, volumes remained thin due to overall market sentiment and selling pressure from institutions.
Major sectors backing the index included Commercial Banks and Insurance companies as their collective contribution amounted to 44 points.
Stocks that contributed positively to the index included HBL (+1.54%), DAWH (+2.97%), AICL (+4.43%), BAFL (+1.46%) and BAHL (+0.67%).
On a larger front, KSE All share index lost 13 points and closed at 28,000 points.
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