KSE – 100 index gains 419 points

KSE – 100 index extended yesterday’s gains today as investors increased the position amid attractive valuations. The index has picked up a positive momentum since the last week of December last year as bulls come charging into the index helping index raise levels.

Today’s volumes were down from 160.8 million figure of yesterday to 151.3 million shares, posting a 6% decline DoD. In addition to that, Average daily traded value declined by 8% to reach US $ 60 million from US $ 65.2 million yesterday.  

Sector-wise all share index turnover was led by Commercial Bank (17.655 million), Textile Composite (16.023 million), and Cement (14.893 million) with Inv. Banks/Inv. Cos./Securities Cos. (6.537 million) and Oil & Gas Marketing Companies (6.152 million) stocks trailing at the bottom.

KSE-100 Index at the day end moved a total of +419.29 points down by +0.98%, closing in at 43358.97 points with index high-low range of 43386.27 – 42874.39.

KSE – All Share Index Volume was at 151.242 million shares, value of shares traded for all-shares index reached PKR 6.638 billion.

The index movement was limited within the 511.88 points range.

72 companies closed up, whereas 76 were down at the day end.