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Midday Report: KSE-100 index crosses 47,000 mark

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February 3, 2021 (MLN): The upward momentum continues in the stock market as the benchmark KSE-100 index has crossed the 47,000 mark and is currently trading at 47,118 level, up by 538 points or 1.16 in percentage terms (PST:12:52).

This level has been seen after 3.5 years (03-Aug 2017).

The benchmark index is being led by Cement, Oil & Gas Exploration Companies, Commercial Banks, Textile Composite, Pharmaceuticals and Power Generation sectors, as they have contributed around 153, 95, 68,49, 56, and 39 points as of now.

The bullish trend in the cement sector is largely owing to 16% YoY growth in dispatches in January'21.

Company-wise, the scrips of MARI, LUCK, SEARL, CHCC, POL, and PIOC  have gathered the maximum points so far.

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Posted on: 2021-02-03T12:55:00+05:00

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