KSE 100 rises for the third day in a row as market optimistic post election

The final trading session of the week witnessed the bulls raging through as the KSE 100 index rose by 697 points and closed in at 42,786 points, an increase of about 1.66% from the previous session’s closing. This is the third consecutive session that the index has witnessed gains in.

The intraday high went up to 42,845 points while the low was at 42,014 points, a range of 831 points for the index to move in.

187.2 million shares were traded in the companies constituting the KSE – 100, at a value of PKR 11.3 billion, a very significant gain in activity over yesterday’s volume of 129.8 million shares. The increase in activity comes about as the market adjusts to the rhetoric currently being pursued by the incoming government on the policies and agendas that it is going to back.

Sector-wise, Commercial Banks, Cement, Oil & Gas Marketing Companies and Power Generation & Distribution were the best performers by the end of the day, after collectively contributing 445 points to the index.

Tobacco companies, on the other hand, took away 17.5 points from the index, becoming the worst performing sector of the day in the KSE – 100 Index today.

In total, 79 companies concluded the session positively while 15 companies ended it negatively within KSE – 100 Index.

In the broader KSE All Share index, the market gained 336 points to reach 30,713 points at the closing, demonstrating an increase of 1.11%.

The day high for KSE All Share index was 30,754 points while the low was recorded at 30,357 points. A total of 384.9 million shares, worth PKR 13.9 billion were traded at KSE today.

Sector turnover was led by the Transport sector, as it traded 43.1 million shares.

By the day end, 237 companies have advanced, 68 companies have declined while 17 companies have remained unchanged at KSE.

 

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Posted on: 2018-07-27T17:58:00+05:00

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