KSE-100 proliferates by 4.13% following Saudi Bailout

October 24, 2018 (MLN): The KSE 100 index gained momentum during today’s trading session following PTI government’s success in securing $3 billion in deposits and $3 billion to support current account deficit from the Saudi government. The index earned approximately 1556 points by the day end to close in at 39,271 points.

Commercial banks, Fertilizer, Oil & Gas Exploration Companies, Cement and Power Generation & Distribution sectors emerged as the top gainers as they jointly contributed 1108 points to the index.

Among the index heavy weights, losses on the scrips of HBL (+5%), PPL (+4.57%), ENGRO (+5%), MCB (+4.76%), UBL (+4.98%) and OGDC (+5%) coxed the index towards the green region.

Engulfed within a range of 1581 points, the index touched an intraday high of 39,296 points and an intraday low of 37,714 points. Around 167 million shares traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 6.1 billion.

In a similar stance, the broader KSE All share index landed itself on a brighter side by gaining around 935 points and closing in at 28,925 points.

An intraday high of 28,984 points and an intraday low of 27,990 points was recorded by the day end for the all share index with a range of 993 points.

Over 332 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs. 8.5 billion.

Within the broader KSE All share index, share prices of 322 companies soared high whereas the prices of 45 companies nose-dived.

Volume Leaders

Top Gainers

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