Bull continues to dominate the KSE – 100

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The KSE – 100 index closed the session at 43,556 points thereby gaining 770 points as of today and the fourth consecutive bullish session continues

High 43,605 | Low 42,786 | Change +770 | Value USD94mn | Volume 175mn

The market opened on a positive note as the Pakistani Rupee in Inter-bank showcase post positive improvements in open market throughout the end of the week.

In total, 176.4 million shares, worth PKR 11.7 billion were traded within the companies constituting the KSE – 100 index, less than yesterday’s session but much higher than a typical trading day at the Pakistan Stock Exchange.

The best performing sectors within KSE – 100 which contributed 338 points collectively:

  • Cement companies
  • Commercial Banks
  • Oil & Gas Exploration Companies

A total of 74 companies in KSE 100 ended the session positively while 22 companies ended negatively, with 1 remaining unchanged and 3 not traded at all.

Recommendation and Outlook:

We expect some profit booking in the coming session as the Index has already gained over 3,000 points in the last four sessions.

Events ahead:

FFBL Result Announcement (July 31, 2018)

FFC, LUCK and ASL Result Announcements (July 31, 2018)

MCB Result Announcement (Aug 1, 2018)

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