KSE-100 Index moves up by 146.12 points

November 03, 2022 (MLN): The capital market on Thursday extended the positive momentum as investors cheered the news flows pertaining to an agreement worth $500 million with the World Bank and RMB (Chinese currency) clearing arrangements in Pakistan.

However, the uncertainty over dollar bond restructuring and China's debt rollover has kept investors sideways rest of the session.

Resultantly, the benchmark KSE-100 index gained 146.12 points, up by 0.35% DoD to settle the index at 42,090.71, marking an intraday high of 42,173.46 and an intraday low of 41,887.51.

By the session’s end, the total volumes of the KSE-100 index stood at 87 million shares, compared to 73.24mn shares traded on Wednesday.

In terms of sectors, most of the positive contributions came from technology & communication, oil & gas exploration, and commercial banks which cumulatively added over 112 points to the index tally by the day’s end.

Out of 91 companies’ shares traded today 55 companies recorded gains and 32 companies sustained losses and four company share remains unchanged.

Meanwhile, the volume leaders on the benchmark index were CNERGY (11.78mn), TRG (7.8mn), FABL (7.7mn), KEL (4.82mn), and UNITY (4.7mn).

The scrips which gained the most during the session included: TRG (4.67%), FABL (3.27%), PAKT (2.27%), and ABOT (1.88%).

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