KSE 100 trades sideways as investors await decision on electricity tariffs

Trading on KSE-100 index remained mediocre during the second trading session of the week as investors awaited news on proposed electricity tariff hike, following a drastic plunge in the previous trading session. Gaining a modest 31 points, the index ultimately closed at 41,036 points by the day end.

The movements in the market were mostly prompted by Oil & Gas Exploration Companies and Cement sector as they collectively contributed around 111 points to the index.
Among the index heavy weights POL (+2.11%), LUCK (+1.61%), PPL (+0.98%) and MARI (+2.79%) triggered the rise of the index.

Confined within a range of substantial 235 points, the index moved to an intraday high of 41,193 and an intraday low of 40,957 points. Around 54 million shares of the 92 companies listed on the KSE-100 were traded, having a worth of approximately 3.4 billion.

Within KSE-100, 42 companies witnessed their stock price lifting, whereas 48 companies experienced downfall in theirs. Conversely, stock prices of 4 companies remained unchanged.

On the other hand, the broader KSE All Share lost 81.49 points by the day end, closing in at 29,856 points. An intraday high of 30,045 points was recorded for the KSE All Share index, while the intraday low sunk to 29,816 points today.

Over 101 million shares of the scrips listed within the broader KSE All Share Index were traded today, with its value recorded at Rs.4.4 billion.

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