KSE - 100 trades sideways during the first half of the session

KSE - 100 opened today’s trading session on a positive note and continued to gain momentum during the first few hours. The index marched up to an intraday high of 42,993 points but dropped to a low of 42,784 points soon after, thus travelling within a range of 208 points.

The index is currently trading sideways, at 42,864 points, merely 56 point higher than yesterday’s closing value.

The volume of shares traded by the companies listed within KSE -100 have already exceeded yesterday’s volume by 80% as it logs in at 51.4 million shares traded as of now. The value of trade is around PKR 3.2 billion.

Sector-wise, Oil & gas exploration Companies are leading the net gainers while Fertilizer continues to take away points from the index, hence coming out as the top net loser.

The broader KSE All share has gained 42 points so far, and is currently trading at 30,987 points. The intraday high is at 31,056 points while the low is presently at 30,944 points.

106 million shares, worth PKR 4.4 billion have already been traded by the companies constituting the Karachi stock exchange.

Among the constituents, Rafhan Maize and Products Limited has taken over the net gainers with Rs.70 increase while Colgate Palmolive has lost Rs.69 and is currently trading amongst the net losers within KSE.

After the release of their financial report earlier today, Lotte Chemical Pakistan Limited is attracting investors due to a remarkable performance during the half year that ended on June 30th 2018. The company has traded the largest volume of shares so far, that is 25.7 million shares