KSE 100 opens above the 42,000 support level

After four consecutive sessions of bearish activity, capital markets have picked up a bullish sentiment today as the 100 index opens slightly above the 42,000 level, unable to sustain yesterday’s downward penetration of that psychological support.

KSE 100 index has risen 352 points from yesterday’s closing, or a percentage gain of 0.83% and has traveled a range of 467 points so far with the index reaching an intraday high of 42,428 points and an intraday low of 41,960 points so far.

A total of 37.3 million shares have been traded amongst the companies listed on the 100 index, while the volume at the entire Karachi Stock Exchange has been recorded at 64.3 million shares so far.

Sector-wise, Commercial banks are leading the gains on the 100 index, followed by Cement and Fertilizer companies.

The broader KSE All Share Index is trading at 30,623 points at the time of the writing of this article, up 201 points or 0.66% from yesterday’s closing. The index has traveled a range of 239 points so far with an intraday high of 30,661 points and an intraday low of 30,421 points.

Murree Brewery Company Limited is leading the gains at KSE so far, with a price increase of Rs 38, up 4.89% from the day before and currently trading at Rs 815.50.

Mehmood Textile Mills Limited, on the other hand, has suffered the greatest price decrease amongst the companies listed on KSE, having witnessed a price decrease of Rs 22.58 or 5% from the day before, currently trading at Rs 429.15.