Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Opening bell: KSE 100 gains over 150 points during early hours

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After five consecutive sessions of losses, the 100 index has picked up pace, marching in the green zone as the index gains over to 150 points, or 0.38% during initial hours of the trading today.

With an intraday high of 41,740 so far, and an intraday low of 41,558 points, the index has travelled a range of 182 points as of now and is currently trading at 41,735 points.

With respect to volume, a total of 20.6 million shares have been traded on the KSE 100 index.

The largest gains on the index are coming from the Cement Sector, followed by Commercial banks both of which have individually contributed over 40 points to the 100 index so far. Fertilizer companies, on the other hand, are faring the poorest with respect to their effect on the index.

Gains on one the largest banking corporations, United Bank Limited (UBL), followed by K-Electric (KEL) and Lucky Cement (LUCK) are driving the gains on the index.

Overall, the largest gain in stock prices among the companies listed on the 100 index are for Indus Motors (INDU), which has gained Rs 25.26 so far.

Posted on: 2018-09-04T10:56:00+05:00

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