KSE 100 Index up 484 points

KSE 100 Index gained more than 484 points closing at 42622.74 points during the day. The index gained momentum as investors took opportunity to increase positions capitalizing on attractive valuations.

Avanceon (AVN) lost Rs. 0.32 to close the session at Rs. 63 despite making the announcement of entering in a contract with Pakistan Petroleum Limited (PPL). MEBL gained Rs. 2.33 per share during the session closing at Rs. 74.50 after Noor Financial Investment Company announced that it has successfully sold some of its stake to various foreign investors for the price of Rs. 70 per share.

Volume traded at KSE – 100 index decreased by 20.45 percent during the session after total volume clocked in at 67.491 million versus 84.84 million yesterday.

Commercial Bank, Cement and OMC during today’s session was at the lead today after collectively contributing more than 261.62 points.

Sector-wise all share index top sector turnover was led by Chemical (15.16 million), Cement (15.04 million), and Technology and Communication (13.48 million).

KSE - 100 Index at the day end moved a total of 484.16 points up by 1.15 percent, closing in at 42,622.74 with index high – low range of 42,667.69– 42,112.75

KSE – All Share Index Volume was at 120.297 million shares, the value of shares traded for all-shares index reached PKR 5.206 billion.

The index moved in the range of 554.94 points.

63 companies closed up, whereas 20 were down at the day end.