KSE – 100 index gains 418.59 points

KSE – 100 index remained positive throughout today as market opened with the news of successful Sukuk and Eurobond issue. Pakistan’s debt instruments received an overwhelming response from international investors as the instruments attracted invited total bids of around $ 8 billion. The Government raised $ 2.5 billion from the said issue; with $ 1 billion coming from 5-year Sukuk and $ 1.5 billion from 10-year Eurobond issue.

Treet Corp (+4.79%) stocks closed positive on the news that it has commenced trial run of its Lead Acid Battery Plant in Faisalabad. Despite a delay in operations, the company has announced that if the trial run goes successful, the plant will begin commercial operations in the coming months.

Sector-wise all share index turnover was led by Fertilizer (26.81 million), Technology & Communication (24.98 million), and Oil & Gas Exploration Cos. (23.71 million) with Oil & Gas Exploration (6.183 million) and Miscellaneous Cos. (5.28 million) stocks trailing at the bottom.

KSE-100 Index at the day end moved a total of +418.59 points up by 0.85%, closing in at 40010.36 points.

Index Volume was at 126.115 million shares, value of shares traded reached PKR 14.97 billion with index high-low range of 40091.48 – 39672.89.

The index movement was limited within the 418.59 points range.

59 companies closed up, whereas 33 were down at the day end.