KSE-100 shoots up by 168 pts as optimism prevails amongst investors

January 10, 2019 (MLN): Following a decline of 130 points yesterday, the bourse concluded today’s trade on a positive note. The index gained over 168 points by the day end and closed at 39,090 points due to optimism in the market driven by reports that FATF have expressed a degree of satisfaction over Pakistan’s effort to battle money laundering and terror financing.

Oil & Gas Exploration Companies, Commercial Banks, Fertilizer, Tobacco and Insurance sector emerged as the major net gainers as they contributed collectively 250 points to the index.

Among the index heavy weights, gainers on the scrips of PPL (3.29%), OGDC (2.39%), ENGRO (1.30%), POL (1.93%) and PAKT (2.91%) coxed the index towards gains.

Bounded within the range of 303 points, the index touched an intraday high of 39225 points and an intraday low of 38921 points.

Around 66.4 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 3.57 billion.

On the larger front, KSE All also landed in the green zone by gaining around 190 points by the day end and closing at 28,828 points.

An intraday high of 28828 points and an intraday low of 28638 points was recorded by the day end for the all share index with a range of 189 points.

Over 112 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs. 4.58 billion.

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