Pakistan’s KSE – 100 gains 230 points

KSE – 100 Index continued the bullish trend today after it gained more than 230 points to close at 43740 points at day end. Cement stocks continued the rally onward from yesterday after the rise in prices of cement bags in the Northern Region. Furthermore, Fertilizer sector continued to help extend gains as well.

Moreover on the results front Bank of Khyber (+6.23 percent) rallied after announcing earning for  4th quarter of fiscal year 2017 at Rupees 0.41, positively surprising the investors. It also announced a dividend of 1.5 Rupees.

Cement, Fertilizer, Commercial Banks and Food & Personal Care Products closed the session at the top after collectively contributing more than 212.97 points.

Volume traded increased by 5 percent during the session after total volume clocked in at 84.337 million versus 79.789 million yesterday.

Sector-wise all share index top ten sector turnover was led by Engineering (37.382 million), Chemical (28.096 million), and Cement (25.852 million) with Commercial Banks (9.971 million) and Automobile Assemblers (8.486 million) stocks trailing at the bottom.

KSE – 100 Index at the day end moved a total of +230.10 points up 0.53 percent, closing in at 43740.49 points with index high – low range of 43759.13 – 43412.47.

KSE – All Share Index Volume was at 229.571 million shares, value of shares traded for all-shares index reached PKR 9.636 billion.

KSE 100 Chart, Mettis Global

The index moved in the range of 346.66 points.

55 companies closed up, whereas 34 were down at the day end.