KSE – 100 index gains 457.21 points

Index today continued bullish trend following the possibility of an Amnesty Scheme announcement expected today. Cement stocks DGKC +1.42% and MLCF +2.83% were up due to a 15 percent year on year increase in cement dispatches during the nine months of fiscal year 2018.

Banking scrips were up owing to an expected rate hike in the coming announcements. The sector has gained traction as investors see 3 more hikes during the year 2018.

Steel remained laggard after news reports highlighted that the Government is mulling plans to withdraw Regulatory Duty from Steel imports.

Volume traded decreased by 23.45 percent during the session after total volume clocked in at 113.542 million versus 148.342 million yesterday.

Commercial Banks, Oil & Gas Exploration Companies, and Oil & Gas Marketing Companies closed the session at the top today after collectively adding more than 397.2 points.

Sector-wise all share index top ten sector turnover was led by Chemical (36.918 million), Commercial Banks (29.236 million), and Cement (27.332 million) with Cable & Electrical Goods (8.751 million) and Pharma (6.526 million) stocks trailing at the bottom.

KSE - 100 Index at the day end moved a total of 457.21 points up 0.99 percent, closing in at 46560.82 points with index high – low range of 46656.93 – 46085.10.

KSE – All Share Index Volume was at 269.827 million shares, the value of shares traded for all-shares index reached PKR 13.762 billion.

KSE 100 Chart, Mettis Global

The index moved in the range of 571.83 points.

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