Optimism prevails within stock market as benchmark index inches up by 230 pts

November 16, 2018 (MLN): The benchmarks KSE – 100 index reflected optimism within capital markets for the fourth day in a row, as it gained 232 points by the end of the final trading session of the week. The index concluded the day at 41,660 points, up by 0.5% from yesterday’s closing value.

The Index remained bound within the range of 376 points, and touched an intraday high of 41,804 points while an intraday low of 41,428 points.

Within the index, a trade of 107.5 million shares was witnessed through the day, at PKR 7.9 billion.

Oil & Gas Exploration Companies and Commercial Banks turned out to be the most generous contributors of the day, having jointly added over 130 points to the index.

More specifically, the blue chips that drove the 100 index towards the green region comprised UBL (+3.42%), POL (+3.21%), OGDC (+1.65%) and PSO (+3.25%).

On the other hand, the broader KSE All Share gained 174 points by day end, closing the week at 30,019 points.

An intraday high of 30,017 was reached while intraday low logged in at 29,845 points, as the index travelled within the range of 226 points.

The scrips listed within the broader KSE Index witnessed a trade of 201.2 million shares, at PKR 10.4 billion.

Of all the companies whose shares were traded today, average share prices of 164 companies suffered a blow while those of 146 companies rose.

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