Stock market gains momentum after PM assures stabilization of economy

December 10, 2018 (MLN): KSE-100 Index continued with its upward momentum and gained over 737 points by the day end and closed in at 39299 points, indicating positive sentiments amongst investors due to the productive meeting of PSX representatives with PM Imran Khan, along with his economic team, assuring the stakeholders that PTI government is committed to take all measures for the stabilization of the market.

Oil and Gas Exploration Companies, Commercial Banks, Fertilizer, Oil & Gas Marketing Companies emerged as the major net gainers as they contributed 257, 136, 77 and 60 points to the index respectively.

Among the index heavy weights, the scrips of PPL (5%), OGDC (4.43%), HBL (3.38%), POL (4.24%) and LUCK (2.32%) coxed the index towards gains.

Moving within the range of 876 points, the index touched an intraday high of 39438 points and an intraday low of 38562 points.

Around 113.1 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 5.56 billion.

On the other hand, the broader KSE All share also gained 461 points by the day end and closed in at 28793 points.

An intraday high of 28860 points and an intraday low of 28331 points was recorded by the day end for the all share index with a range of 529 points.

Over 154.1 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs. 6.63 billion.

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