KSE – 100 index gains 718.86 points

The Karachi Stock Exchange – 100 index closed 718 points up extending previous week’s gains. The Index continues bullish run as investors take advantage of the attractive valuations. The index movement was limited in the range of 829 points.

The market was extremely strong from the beginning of the session, with Cements, Fertilizer and Commercial Banks lending the most support. Banking scrips have been the pick of investors as analysts earlier informed of increasing possibility of interest rate raise during the upcoming Monetary Policy Announcements.

Sector-wise all share index turnover was led by Cement (47.878 million), Textile Spinning (26.791 million), and Technology & Communication (26.114 million) with Oil & Gas Marketing Cos. (16.863 million) and Power Generation & Distribution (15.006 million) stocks trailing at the bottom.

KSE - 100 Index at the day end moved a total of +718.86 points up by +1.63%, closing in at 44897.69 points with index high-low range of 44951.21 – 44121.97.

KSE – All Share Index Volume was at 293.996 million shares, value of shares traded for all-shares index reached PKR 13.237 billion.

KSE - 100 Index Chart - Mettis Global

The index movement was limited within the 829.24 points range.

79 companies closed up, whereas 13 were down at the day end.