Pakistan’s KSE – 100 Index gains 206 points

Pakistan’s Equity markets have resumed their path to positivity after closing five sessions in red. The index succumbed to profit taking amidst a significant rally that came after a very long wait.

Cement and Bank scrips were in limelight again for somewhat right reasons, Lucky Cement +3.2%, DG Khan Cement +3.1% were the leading gainers in the Cement sector, whereas, Financials on the other hand closed the session mixed. Habib Bank +2.3%, United Bank -1.5% were on the highest and lowest end of the spectrum.

Pakistan Bureau of Statistics also released inflation numbers that clocked in below the market consensus, yielding no impact on the index.

Sector-wise all share index turnover was led by Tech & Comms: (31.391 million), Engineering (28.018 million), and Cement (27.084 million) with Automobile Assembler (9.473 million) and Refinery (5.977 million) stocks trailing at the bottom.

KSE - 100 Index at the day end moved a total of +206.43 points up by +0.47%, closing in at 44255.48 points with index high-low range of 44436.39 – 44049.05.

KSE – All Share Index Volume was at 228.203 million shares, value of shares traded for all-shares index reached PKR 9.754 billion.

KSE - 100 Index Chart - Mettis Global

The index movement was limited within the 387.34 points range.

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