Bullish trend prevails as KSE-100 closes 447 higher
The overall market volumes improved significantly during the week, averaging at around 284 million.
KARACHI (Dunya News) – The Pakistan Stock Exchange kicked off on a steady note, maintaining its bullish trend on the last trading session of the week.
Adding 447.99 points, the benchmark KSE-100 Index settled higher at 34,400.
The KSE-100 Index gained 1,442.37 points or 4.37pc during the week, closing at 34,475.69 (+447 points on Friday). The KMI-30 Index appreciated by 1.57pc to end at 55,326.86, while the KSE All Share Index accumulated 220.01 points, ending at 24,794.59. Out of the total traded shares, 210 advanced, 141 declined while the value of 17 remained unchanged.
The overall market volumes improved significantly during the week, averaging at around 284 million. Volumes on Friday were recorded at 287.03 million.
Worldcall Telecom (WTL 0.00pc), Lotte Chemical Pakistan Limited (LOTCHEM +0.37pc) and TRG Pakistan Limited (TRG +4.42pc) dominated the volume chart, with 30.82 million shares, 19.11 million shares and 18.79 million shares exchanging hands respectively.
Sectors that helped the KSE-100 Index stay in the green zone included banking (+169.75 points), oil and gas exploration (+88.52 points) and fertiliser (+39.33 points). Among the companies, Habib Bank Limited (HBL +75.13 points), Oil and Gas Development Company Limited (OGDC +36.21 points) and Hub Power Company Limited (HUBC +32.72 points) remained the top contributors to the index.
The cement sector added 1.25pc in its cumulative market capitalization. Lucky Cement Limited (LUCK +2.75pc), Cherat Cement Company Limited (CHCC +2.54pc) Attock Cement (Pakistan) Limited (ACPL +1.65pc) managed to close with decent gains.
