October 24, 2022 (MLN): The capital market on Monday kicked off the week on a positive note and remained bullish throughout the session as investors cheered the news of Pakistan’s exit from FATF’s grey list.
Similarly, PKR’s appreciation and the approval of $1.5 billion from the Asian Development Bank (ADB) kept the investors’ confidence intact.
Resultantly, the benchmark KSE-100 index gained 133.75 points, up by 0.32% DoD to settle the index at 42,347.23, marking an intraday high of 42,672.34.
By the session’s end, the total volumes of the KSE-100 index stood at 65 million shares, compared to 92.81mn shares traded on Friday.
In terms of sectors, most of the positive contributions came from technology & communication, fertilizer, and oil & gas exploration which cumulatively added 112 points to the index tally by the day’s end.
Out of 92 companies’ shares traded today 49 companies recorded gains and 38 companies sustained losses and five company share remains unchanged.
Meanwhile, the volume leaders on the benchmark index were TRG (8.77mn), CNERGY (6,25mn), FCCL (5.31mn), KEL (4.22mn), and ATRL (3.81mn).
The scrips which gained the most during the session included: TRG (3.14%), EFERT (2.03%), HUBC (1.17%), and MARI (1.59).
On the other hand, the stocks that emerged as net losers during the day included HMB (2.78%), LOTCHEM (2.44%), NBP (1.7%), and LUCK (0.36%).
