Pakistan Stock Exchange rises 944.61 points, +2.37 percent

KSE-100 after witnessing the worst week in the year staged a significant comeback. The KSE – 100 index made a comeback on Monday after gaining more than 900 points, closing up by 2.37%. The index rally was a result of significant motivators. Prime Minister’s agreement to set up a Rs. 20 billion Fund for the market, DG ISPR’s commitment to democracy and net foreign buying helped investors regain some confidence in the Stock Market.

However, despite the changing sentiment index activity remained somewhat lackluster as the market has lost its lure in the last few months.

Oil & Gas Exploration Cos, Cement, and Fertilizer were the top three performing sectors during the day. MARI +3.25%, OGDC +3.41%, CHCC +4.07%, DGKC +4.27%, LUCK +4.98%, MLCF +4.71%, PIOC +4.99% and DAWH +4.58% were the top performers in their respective sectors.

On the flipside, Sugar & Allied, Leasing Companies and Textile Spinning were the worst performing sectors during the day.

OGDC +62.79, ENGRO +62.23, LUCK +62.63, POL +37.40 and PPL +37.26 contributes most points during the day as investors were buoyant on the back of Prime Minister’s promise to take necessary measures in order to instill some confidence in the stock markets.

KSE-100 Index at the day end moved a total of +944.61 points up by 2.37%, closing at 40791.39 points. Index Volume was 4.97 million shares, value of shares traded was PKR 1.9 billion with index low-high range of 39846.78 – 40813.53.

80 companies closed up, whereas 6 were down at the day end.