KSE – 100 index gains 816.40 points

KSE – 100 resumed the positive momentum to continue on its positive trajectory, after succumbing to selling pressures from short term investors. Bounced by activity, coupled with the positive outlook from the World Bank Group helped index. The activity during the day saw a sharp rise to clock in 328 million. Banking Stocks helped fuel the rally, HBL +2.46%, BAFL +4.16%, and UBL +2.27% in today’s session helping the index gain more than 816 points.

The investors expect the index to remain under pressure as short term buyers will look to book their profits.

Sector-wise all share index turnover was led by Cement (43.472 million), Engineering (40.440 million), and Commercial Banks (34.346 million) with Miscellaneous (11.006 million) and Textile Spinning (10.673 million) stocks trailing at the bottom.

KSE-100 Index at the day end moved a total of +816.40 points down by +1.91%, closing in at 43360.74 points with index high-low range of 43569.45 – 42814.34.

KSE – All Share Index Volume was at 327.514 million shares, value of shares traded for all-shares index reached PKR 15.568 billion.

The index movement was limited within the 845.11 points range.

78 companies closed up, whereas 14 were down at the day end.