The KSE – 100 Index has gained 1,098 points during the intraday and is currently trading at 39,082 points with the volume of 168 Mn shares.
The uptrend in the market is attributed to the positive developments during the week. The prices of petrol and high speed diesel (HSD) were reduced by Rs. 5 per litre, while kerosene oil and light diesel oil (LDO) have been cut down by Rs. 7 per litre. After Petroleum products the Government has also reduced the price of LPG for the month of March.
Furthermore, the Banking sector deposits grew 12% YoY from Rs 13.057 trillion in January 2019 to Rs 14.67 trillion in January 2020, revealed latest data issued by State Bank of Pakistan (SBP).
So far, the Fertilizer, Cement, Oil and Gas Exploration Companies (E&P) and Banking sectors are the positive contributors and have added 634 points to the Index.