KSE-100 INDEX HAS GAINED AN ADDITIONAL 800 POINTS FOR REJOICING INVESTORS OF THE PAKISTAN STOCK MARKET

Equity for investors is still being increased by the Pakistan stock market’s KSE-100 index. The index is essential in addressing Pakistanis’ need for greater financial literacy. The index gained (+961.70) points in the previous session.

For the third week running, foreign investors remained net buyers, with a notable increase in net purchases of securities. The net purchase for the week ending December 1, 2023, increased significantly to Rs4.33 billion, up from the previous week’s net purchase of Rs1.88 billion.

KSE100

The Benchmark KSE100 Index closed the session green with index posting an intraday high of 1,040.38 (1.63%) points and an intraday low of -64.68 (-0.10%) points. PKR continues posted seventh consecutive gaining sessions against the greenback and Oil continues to trade below all the major moving averages on a daily time frame.

The VOLUME and VALUE TRADED (000’s) stood at 765,341,303 and Rs.27,439,242.07 respectively. Index closed at 64,718.08 pts adding +800.35 (1.25%) points to the index.

Sectors contributing positively to KSE100 index included Commercial Banks sector (538.98pts), Gas Marketing Companies sector (83.35pts) and Fertilisers sector (60.86pts). Companies contributing postively to the index included BAHL(115.25pts), MARI(102.95pts), MEBL(99.83pts).

The volume leaders included KEL(+10.18%), CNERGY(+4.16%), HASCOL(+74.22%). The scrips traded 246.00mn, 98.99mn and 60.50mn shares respectively.

MARKET FRONT

CFDs on Brent Crude oil posted an intraday high of $75.44 and intraday low of $74.03. Oil is currently trading at $74.03 (10:09pm Thursday, 07 December 2023 (GMT+5) Time in Pakistan).

CFDs on WTI Crude Oil posted an intraday high of $70.45 and intraday low of $69.22. Oil is currently trading at $69.22 (10:09pm Thursday, 07 December 2023 (GMT+5) Time in Pakistan).