Midday Report: KSE-100 jumps over 1% to top 80,000

MG News | July 03, 2024 at 12:00 PM GMT+05:00

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July 03, 2024 (MLN): Bulls maintained their momentum at the Pakistan Stock Exchange (PSX) on Wednesday, pushing the benchmark KSE-100 index above the 80,000 level in the early trading hours.

The KSE-100 Index was up 848.32 points or 1.07% to trade at 80,401.2 by 12:00pm.

Yesterday, the Index surged 728.55 points or 0.92%.

KSE-100 index was being supported by Commercial Banks (+263.64pts), Oil & Gas Exploration Companies (+217.51pts), Cement (+92.60pts), Fertilizer (+76.54pts), and Oil & Gas Marketing Companies (+67.52pts).

Companies adding points to the index were POL (+106.42pts), HBL (+96.41pts), FFC (+46.93pts), OGDC (+42.65pts), and NBP (+41.84pts).

In the broader market, the All-Share index was at 50,903.10 with a net gain of 495.86 points or 0.98%.

In a recent development, the Privatization Commission (PC) has set the deadline for the privatization process of Pakistan International Airlines (PSX: PIAHCLA) for August 2024.

Its shares have jumped 29.5% in the past three trading sessions.

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KSE100	170,478.94 174.95M	-0.41% -696.57
ALLSHR	102,885.54 725.60M	-0.29% -297.60
KSE30	50,877.61 79.52M	-0.67% -344.88
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