KSE 100 takes a U-turn following clarifications on IMF bailout

October 09, 2018 (MLN): Uncertainty looms out of the market as the Pakistani government announces to approach the International Monetary Fund (IMF) for a bailout package, keeping in view the stock market turmoil that took place in the last few sessions. The KSE-100 index has recuperated investors’ confidence and taken a U-turn from its consecutive losses by gaining 895 points so far and is currently trading at 38,792 points.

Commercial Banks, Oil & Gas Exploration Companies and Fertilizer sector have emerged as top gainers as their collective gains amount to 566 points.

Among the index heavyweights, OGDC (+3.95%), ENGRO (+3.82%), POL (+3.74%) and PPL (+1.96%) are driving the uplift in the stock market so far.

Curbed within a range of 1229 points the market has touched an intraday high of 39,027 and an intraday low of 37,898 points. The total volume of shares traded as of now among the companies listed in the 100 index is 36 million shares, having a worth of around Rs 2.3 billion.

Likewise, the KSE – All Share index has gained 502 points and is currently trading at 28,445 points, with an intraday high of 28,576 points and intraday low of 27,943 points, moving within a range of 107 points.

Over 61 million Shares of the companies constituting the KSE All share have been traded so far, at a value of over Rs. 3 billion.

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