Stock market cracks its four day long negative streak as the index gains over 450 points

The stock market cracked its four day long negative streak as the index took an upside leap of 485 points to conclude the day at 42,446 points

The benchmark KSE – 100 index opened the final session of the week in the positive territory. Marching upwards, the index hit an intraday high of 42,552 and slipped to an intraday low of 41,960 points, thus travelled within a range of 592 points.

Within KSE – 100, the market witnessed a trading activity of 11.4 million shares at a value of PKR 6.1 billion.

In all, 92 scrips constituting the KSE – 100 were traded today, of which 71 scrips advanced, 19 declined while 2 remained unchanged by the session end.

Among the companies registered within KSE – 100, those that belong to the Commercial Banking sector and the Cement sector contributed the most to the index, as the two sectors contributed 141 points and 102 points to the index, respectively.

The broader KSE All Share index, on the other hand, gained 304 points to close the last session of the week at 30,726 points, 1% higher than yesterday’s closing value.

The All share index peaked towards an intraday high of 30,772 points and touched an intraday low of 30,421 points.

Today’s trade volume within Karachi Stock Exchange picked up from 142.2 million shares traded yesterday, to 193.7 million shares traded today. The value of today’s trade was recorded at PKR 8 billion.

Of all the companies traded within KSE All Share today, 231 companies ended the day in green while 84 of them ended the day in red.

Sector-wise, Commercial Banks dominated the volumes at KSE today, having witnessed a total trading activity of 46.8 million.

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