KSE index regains momentum as it racks up 983 points

October 17, 2018 (MLN): The KSE 100 index ended today’s trading session on an extremely positive note as it gained approximately 983 points by the day end to close in at 37,647 points.

The positive outcome was a result of a boosted investor confidence following PSX representatives’ visit to the Finance Minister Asad Umar, who agreed upon working and implementing the proposed recommendations by the delegation.

Fertilizer, Commercial banks, Oil & Gas Exploration Companies and Cement sectors emerged as the top gainers as they jointly contributed 552 points to the index.

Among the index heavy weights, losses on the scrips of PPL (+2.78%), ENGRO (+3.14%), LUCK (+4.76%), UBL (+2.94%), PSO (+4.82%) and HUBC (+2.87%) coxed the index to the green region.

Swamped within a range of 1040 points, the index touched an intraday high of 37,704 points and an intraday low of 36,663 points. Around 100 million shares traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 4.6 billion.

In a similar manner, the broader KSE All share index landed itself on a brighter side by gaining around 534 points and closing in at 27,854 points.

An intraday high of 27,913 points and an intraday low of 27,319 points was recorded by the day end for the all share index with a range of 593 points.

Over 191 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs. 5.9 billion.

Within the broader KSE All share index, share prices of 277 companies soared high whereas the prices of 43 companies nose-dived.

Volume Leaders

Top Gainers

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Posted on: 2018-10-17T16:40:00+05:00