Bulls returned to the local bourse as KSE-100 Index rallied to close at 185,099 (up by 2 percent) after rising by 3,642 points.
This positivity in market can be accredited to buying local institutions, according to Topline Securities.
Top positive contribution to the index came from OGDC, PPL, HUBC, ENGROH, FFC, UBL & MEBL, as they cumulatively contributed +1,725 points to the index.
Traded value wise NBP ($22.78 million), OGDC ($22.57 million), PPL ($22.13 million), PSO ($11.42 million) and HUBC ($8.86 million) dominated the trading activity.
Traded volume and value for the day stood at 956 million shares and Rs. 69.37 billion respectively.
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| AHCL | 18.21 | 18.79 | 17.1 | 1.08 | 72,955,233 |
| KEL | 6.4 | 6.45 | 6.2 | 0.24 | 39,195,090 |
| PIBTL | 20.93 | 21.4 | 20.3 | 0.74 | 36,204,591 |
| MDTL | 8.32 | 8.82 | 8.15 | 0.17 | 34,721,632 |
| NCPL | 73.21 | 76.88 | 71.05 | 2.19 | 32,544,008 |
| DSL | 7.73 | 7.9 | 7.61 | 0.13 | 28,683,195 |
| CNERGY | 7.62 | 7.66 | 7.41 | 0.22 | 24,408,560 |
KSE-100 Index increased by a meager +0.37 percent on WoW basis compared to last week’s weekly gain of +3 percent; this decline in market momentum can be attributed to a decrease in inflow from local mutual funds amid geopolitical tensions (US-Iran).
Major developments during the week were:
Average daily traded volume and value during the week stood at 982 million shares (down by 24 percent WoW) and Rs. 58.5 billion (down by 26 percent WoW).