January 01, 2019 (MLN): The KSE-100 index marched ardently towards the green zone by the end of today’s trading session, as first day of the calendar year, index gained over 929 points and closed in at 37995 points. The news of China lending $2billion to Pakistan for reserve management gave boost to the market.
Commercial Banks, Cement, Oil & Gas Exploration Companies, Fertilizers and Oil & Gas Marketing Companies emerged as the top net gainers as they jointly contributed 681 points to the index.
Among the index heavy weights, the scrips of ENGRO (+4.97%), OGDC (+4.74%), PPL (+3.56%), UBL (+4.9%) and LUCK (+4.69%) gained the most from the market uplift.
Engulfed within a range of 1000 points, the index touched an intraday high of 38046 points and an intraday low of 37046 points. Around 63.4 million shares traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 3.5 billion.
The broader KSE All share also gained around 586 points by the day end and closed in at 28630 points.
An intraday high of 28653 points and an intraday low of 28032 points was recorded by the day end for the all share index with a range of 620 points.
Over 96.5 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs.4.2 billion.
The market is expected to be mixed in the upcoming session.
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