KSE-100 rejoices victory following FM’s clarification on BOP crisis

November 7, 2018 (MLN): The KSE 100 index rejoiced its victory throughout today’s trading session as investors cheered clarification from Finance Minister on PM Imran Khan’s visit to China and his success in securing an economic package of $6 billion. His statement regarding balance of payment crisis being over further boosted investors' confidence. Moreover, investors are expected to follow developments on financial program negotiations with IMF delegation.

The index started off on a positive note and gained around 585 points by the day end to close in at 41,543 points.  

Cement Commercial banks, and Oil & Gas Exploration Companies emerged as the top net gainers as they conjointly contributed 353 points to the index.

Among the index heavy weights, losses on the scrips of LUCK (+4.85%), PPL (+2.01%), POL (+2.18%), BAHL (+2.4%), DGKC (+5%) and SNGP (+4.46%) coxed the index towards the green zone.

Engulfed within a range of 639 points, the index touched an intraday high of 41,597 points and an intraday low of 40,958 points. Around 169 million shares traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 8.5 billion.

Moreover, the broader KSE All share index crossed the 30,000 mark by gaining around 261 points by the day end and closing in at 30,022 points.

An intraday high of 30,129 points and an intraday low of 29,761 points was recorded by the day end for the all share index with a range of 367 points.

Over 276 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs. 11 billion.

Within the broader KSE All share index, share prices of 81 companies soared high whereas the prices of 222 companies nose+dived.

Copyright Mettis Link News

Posted on: 2018-11-07T17:02:00+05:00

24145