Daily Stocks Report: Bulls Rally with 678+ Gain to Settle At 49,283 Points

KSE-100 recorded a gain of 678 points or + 1.40% by the end of the trading session to close at 49283.64 points.

The KSE-100 Index performance increased over 750 points in intra-day trading today after being in the red zone for several days due to the political instability in the country.

The Index opened positive and continued to gain profits throughout the last trading session while closing in green, with heavy volumes.

116 million shares worth Rs 11.21 billion were traded by the end of the day.

CHEMICAL was the top traded sector with total traded volume of 47,061,500 shares. It was followed by COMMERCIAL BANKS with a total traded volume of 46,601,000 shares and INV BANKS/INV.COS/SECURITIES COS sector with a total traded volume of 24,712,000.

According to market analysts banking, cement and oil sectors lent the support, to push the index past the 49,000 level today.

Shares of 390 companies were traded. At the end of the day, 240 stocks closed higher, 137 declined while 13 remained unchanged.

Engro Polymer was the volume leader with 39.18 million shares, gaining Rs 1.44 to close at 30.36. It was followed by Invest bank with 20.05 million shares, losing Rs 1.00 to close at Rs 3.98, Aisha Steel Mill with 14.82 million shares, losing 0.28 to close at Rs 23.67 and TRG PAK LTD with 14.01 million shares, gaining Rs 2.38 to close at Rs 55.40.

The top advancers of the market were:

Top decliners of the market were:

Whereas oil is struggling over a near 5-week low amid worries over supply glut, the U.S. benchmark touched its weakest level since March 27 at $47.30 on Wednesday and currently is now trading oil at $47.28.

  • Ltd feature videos

    Watch more at LTD