The stock market continued its upward trend with the KSE100 index increasing 1.15% adding to the positive momentum that was generated yesterday, mainly owing to the performance of chemical, commercial banks and investment banks sectors.

The KSE100 Index closed at 49,851.13, increasing by 567.48 points. The market today reached a high of 50098.59 crossing the 50K mark. Market’s growth momentum is a good sign for investors although how it holds given the political uncertainties that are to follow in the coming weeks is yet to be seen.

All Share Volume increased by 20.25 Million to 308.12 Million Shares. Market Cap increased by Rs.75.72 Billion.

Total companies traded were 390 compared to 394 from the previous session. Of the scrips traded 217 closed up, 152 closed down while 21 remained unchanged.

Total trades increased by 12,186 to 100,226.

Value Traded increased by 2.39 Billion to Rs.17.76 Billion