KSE-100 Index trades positive in early trade

Pakistan’s benchmark, KSE-100 Index went on to extend yesterday’s positive rally after it opened the session up 53 points at open.

The index is currently trading at 42,743.36 level.

Dewan Cement Limited is in the sweet spot to gain cement share of Bhasha Dam, according to the required specifications of dam company shall be given the largest share in producing cement by taking an advantage of being the nearest cement manufacturing plant. DCL plant is located in Kalimpur, Hattar. The total estimated cost in the construction of Diamer-Bhasha Dam is 474 billion that would boost cement demand of five million ton per anum in the country.

Moreover, the State Bank of Pakistan (SBP) will reveal the Monetary Policy for the following two months on Friday 25^th May 2018.

Furthermore, Local automobile manufacturers sent a strong warning to their respective buyers supporting the government’s move to widen tax net started refusing purchases or booking of new cars by non-filers.