KSE-100 index gains 441.62 points at close

KSE 100 Index today extended the positive rally since last Thursday as it gained more than 441.62 points at day end. The index was buoyed by the interim Finance Minister’s initiative to begin policy level talks with the International Monetary Fund showing current care-taker government’s initiative to address the twin deficit issues and declining reserves.

The continuous buying spree in the heavyweight stocks have also contributed to the index rally.

Volume traded at KSE – 100 index decreased by 29.67 percent during the session after total volume clocked in at 158.817 million versus 122.477 million yesterday.

Commercial Banks, OMC and Cement Companies during today’s session was at the lead today after collectively contributing more than 416 points.

Sector-wise all share index top sector turnover was led by Commercial Banks (84.711 million), Chemical (17.686 million), and Technology and Communication (18.35 million).

KSE – 100 Index at the day end moved a total of 441.62 points up by 1.01 percent, closing in at 44,144.20 with index high – low range of 44,170.72– 43,679.68

KSE – All Share Index Volume was at 223.263 million shares, the value of shares traded for all-shares index reached PKR 9.85 billion.

The index moved in the range of 491.04 points.

49 companies closed up, whereas 39 were down at the day end.