KSE – 100 Index up 300 points at day end

Market was bullish today despite a good amount of volatility during the day. The index managed to gain more than 300 points as investors carried out some heavy buying right before the day close.

On the economic front, the Economic Coordination Committee approved Prime Minister’s package of incentives for exporters of textile and non-textile.

Volume traded at KSE – 100 index increased by 18 percent during the session after total volume clocked in at 98.834 million versus 83.85949 million yesterday.

Commercial Bank, Oil & Gas Exploration Companies, Pharmaceuticals and Fertilizer companies during today’s session were at the top today after collectively adding more than 142.48 points.

Sector-wise all share index top sector turnover was led by Commercial Banks (37.463 million), Tech & Comm: (15.324 million), and Cable & Electrical Goods (14.180 million).

KSE – 100 Index at the day end moved a total of +300.16 points up by 0.71 percent, closing in at 42846.64 with index high – low range of 42919.72– 42496.37.

KSE – All Share Index Volume was at 142.481 million shares, the value of shares traded for all-shares index reached PKR 7.914 billion.

The index moved in the range of 423.35 points.

54 companies closed up, whereas 33 were down at the day end.