Pakistan Stock Exchange rises 844.10 points

After witnessing an onslaught for the first three days of October, the KSE-100 finally crawled out of the negativity. Yesterday’s session was high jacked by the DG ISPR announcement that he will hold a press conference, which dulled investor participation.

Commercial Banks was the top performing sector during the day, with FABL +4.81% , SNBL +4.28%, HBL +1.94% and MCB +2.56% all ending positive during the day. Closely behind Commercial Banks were Oil & Gas Exploration Companies, with MARI +5.00% and POL +3.08% staging a comeback after international oil prices were better off on the back Russian announcement of extending the cuts into the next year.

On the contrary, Food & Personal Care Products and Leather and Tanneries did not perform in sync of the exchange.

KSE-100 Index at the day end gained a total of +844.10 points up by 2.09%, closing at 41312.59 points. Index Volume was 81.77 million shares, value of shares traded was PKR 7.38 billion with index low-high range of 40468.49 – 41343.78.

Indus Dyeing and Manufacturing reported an EPS of Rs. 37.95 for the reported period with a 9.13% increase in Net Sales clocking in at Rs. 19.75 billion. Company’s Profit for the period increased by 646% during the period, reaching 685.8 million up from 91.87 million

76 companies closed up, whereas 8 were down at the day end.