Daily Stock Report: KSE-100 Ends Losing Streak with a 532 Point Gain

The KSE 100-share Index built on its gains on Friday after a four-day losing streak during this week with the benchmark KSE-100 index gaining 532.77  points, or +1.13%, by the close of the trading session to reach 47889.37 points.

Investor interest remained in selected cement, commercial banks and engineering sector stocks as the volume was considerably lower than usual.

Shares of 362 companies were traded. At the end of the day, 231 stocks closed higher, 104 declined while 27 remained unchanged.

Dewan cement was the volume leader with 21.37 million shares, gaining Rs1.04to close at Rs21.99. It was followed by Aisha Steel Mills Ltd with 10.62  million shares, gaining Rs0.54 to close at Rs24.61,TRG Pakistan Ltd  with 8.30 million shares, gaining Rs1.80 to close at Rs49.30 and Sui Southern  Gas Company Ltd with 7.68 million shares, gaining 1.88 to close at Rs 39.61.

Major dent came from:

Oil prices jumped more than 2 percent on Friday after the United States launched dozens of cruise missiles at an airbase in Syria. (WTI) crude futures climbed by over 2 percent, to a high of $52.94 a barrel before receding to be up 1.8 percent at $52.61.

Crude Oil has hit its highest levels since early March, and is being currently being traded at $52.16.