KSE – 100 index gains 224.58 points

KSE – 100 continued on its positive streak today as investors flock to the markets after index regains slow and steady stability. The recent political calm has helped the local buying helping the markets close positive for the last 6 sessions.

Mutual Funds and Brokers have welcomed the ongoing positivity in the recent session as they increased their position in the market by 14.8 million mostly concentrated in Commercial Banks, Textile Composite, and Oil Stocks. 

Cement and Commercial Banks contributed most to the session’s positivity during the day as it continues to gain momentum towards positivity.

Sector-wise all share index turnover was led by Technology & Communication (69.567 million), Engineering (29.816 million), Cement (21.594 million) and with Inv. Banks/Inv. Cos./Securities Cos. (7.311 million) and Fertilizer (6.536 million) stocks trailing at the bottom.

KSE-100 Index at the day end moved a total of ++224.58 points up by +0.56%, closing in at 40371.31 points with index high-low range of 40463.66 -40031.34.

KSE – All Share Index Volume was at 239.587 million shares, value of shares traded for all-shares index reached PKR 9.046 billion.

The index movement was limited within the 432.32 points range.

57 companies closed up, whereas 29 were down at the day end.