September 15, 2019 (MLN): The KSE-100 index gained approximately 1,014 points over the week and concluded at 31,481-mark.
Trading at stock markets took a hiatus during the first two days of the week on account of Ashura, and resumed on Wednesday wherein the benchmark index made a smashing comeback. The bullish behavior of the equity market was an outcome of certainty regarding FATF’s progress, and decline in secondary market yields after T-bills auction.
Commercial Banks, Oil and Gas Exploration Companies, Fertilizer, Power Generation as well as Cement sector helped the index gain momentum as they collectively contributed 870 points. In particular, the scrips of PPL, OGDC, LUCK, UBL and FFC collectively contributed 442 points to the benchmark index.
Meanwhile, the KSE All Share Market Cap rose by Rs.124.7 billion or 2.02% over the week, being recorded at Rs.6.3 trillion compared to a Market Cap of Rs.6.1 trillion recorded last week.
This week, the local investors sold securities worth of Rs.2.4 billion, amongst which, Individual investors emerged as the largest net sellers as they sold securities worth Rs.754 million.
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