Pakistani stock market gains for the fourth day in a row

The bulls continued to dominate as the KSE 100 index concluded the session at 43,556 points, with a leap of 770 points or 1.8% from the previous session’s closing.

The intraday high peaked at 43,605 points while the intraday low was recorded at 42,786 points by the end of the session. The index moved between a range of 818 points.

In total, 176.4 million shares, worth PKR 11.7 billion were traded within the companies constituting the KSE – 100 index, less than yesterday’s session but much higher than a typical trading day at the Pakistan Stock Exchange.

The best performing sectors within KSE – 100 include Cement companies, followed by Commercial Banks and Oil & Gas Exploration Companies after they collectively contributed 338 points to the index.

A total of 74 companies in KSE 100 ended the session positively while 22 companies ended negatively, with 1 remaining unchanged and 3 not traded at all.

KSE All Share Index, on the other hand, closed the day’s session 590 points higher than the previous session, reaching 31,304 points at day end, an increase of 1.9%.

The day high for the index was at 31,326 points while the low was 30,713 points, leaving the index with a moving range of 612 points. 377.9 million shares were traded at KSE today, a value worth PKR 14.9 billion.

Technology & Communication took over the sector turnover within KSE today, as companies comprising the sector saw trades totaling 54.4 million shares.

NESTLE had the largest absolute gain as the value of its shares jumped by Rs 496.82 by the day end, while Wyeth Pakistan Limited saw the largest loss in stock value at KSE, of Rs 48.79 today.

At session end, 258 companies in KSE had advanced, 85 companies had declined while 12 companies remained unchanged.

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Net Losers:

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