The KSE-100 Index continued the bullish momentum briskly surpassing the psychological level of 60,000 points. The opening of the Pakistan Stock Market blew through the 60K with the expectations of peaked inflation and positive economic outlook.
KSE100
The Benchmark KSE100 Index closed the session Green with index posting an intraday high of 999.35 points and an intraday low of 212.51 points. PKR continues to gain strength against the greenback and Oil continues to trade below MA200.
The volumes increased from the previous sessions close. Index closed at 60,730.26 pts adding 918.92 points to the index.
The volumes increased to 776.309 million shares Today. The volume leaders included WTL(+2.50%), BOP(6.70%), CNERGY(8.50%). The scrips traded 52.63mn, 42.08mn and 30.53mn shares respectively.
Sectors contributing positively to KSE100 index included Commercial Banks sector (509.86pts), Cement sector (132.76pts) and Power Generation and Distribution sector (73.60pts). Companies contributing postively to the index included UBL(170.22pts), MCB(112.89pts), LUCK(106.26pts).
MARKET FRONT
CFDs on Brent Crude oil posted an intraday high of $80.86 and intraday low of $79.79. Oil is currently trading at $80.65 (3:49pm Tuesday, 28 November 2023 (GMT+5) Time in Pakistan).
CFDs on WTI Crude Oil posted an intraday high of $75.86 and intraday low of $74.75. Oil is currently trading at $75.67 (3:49pm Tuesday, 28 November 2023 (GMT+5) Time in Pakistan).
