Stock markets rally, benchmark index gains another 890 point

October 29, 2018 (MLN): Persistently rallying upwards, the bulls maintained a positive momentum within the capital markets, as the KSE – 100 index gained over 890 points during the day’s trade. The index crossed a second touchstone in the last two trading session, closing in at 41,453 points (+2.21%).

In total, the 100 – index has gained over 1500 points during the last two sessions.

Enclosed within a range of 957 points, the 100 – index peaked to an intraday high of 41,513 points and dropped to an overall low of 40,556 points, during the day.

Commercial Banks, Cement and Oil & Gas Marketing Companies turned out as the most generous contributors to index as they jointly pitched in a total of over 440 points.

The index heavyweights, which drove the benchmark index northwards included HBL (+4.99%), UBL (+4.52%), LUCK (+5.00%), MCB (+3.12%) and HUBC (+3.9%)

In total, 278.8 million shares of 97 scrips listed in KSE – 100, were traded today, at a value of PKR 12.3 billion.

Of these 97 scrips, the share prices of 76 scrips soared while prices of 19 scrips tumbled.

Meanwhile, the more extensive KSE All Share index gained over 500 points through the day, closing the day’s trade at 30,178 points (+1.72%).  

The All Share Index touched an intraday high of 30,229 points and an intraday low of 29,667 points, as it moved within the range of 561 points.

A trading activity of 460.7 million shares was witnessed by the scrips listed within the broader index. The value of trade logged in at PKR 15.8 billion.

Within the index, share prices of 235 companies soared high whereas the prices of 114 companies nose-dived.

Net Gainers:

Net Losers:

Volume Leaders:

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Posted on: 2018-10-29T17:38:00+05:00