KSE-100 PAKISTAN STOCK EXCHANGE INDEX CONTINUES TO PUT A SMILE ON INVESTORS FACE

KSE-100 Pakistan Stock exchange continues to make big smiles on the investors. After much awaited approval of IMF 9th and 10th review alongside all the patience trader endured makes this bull run worth it. The index gained (+462.97) points in the previous session.

The index had a gap opening towards the upside, further making the session even more interesting today.

KSE100

The Benchmark KSE100 Index closed the session green with index posting an intraday high of 1,082.80 (1.72%) points and an intraday low of 232.69 (0.37%) points. PKR continues posted seventh consecutive gaining sessions against the greenback and Oil falls big with trading (-3.71%) at the time of writing.

The VOLUME and VALUE TRADED (000’s) stood at 515,164,227 and Rs.26,321,422.24 respectively. Index closed at 63,917.72 pts adding +961.70 (1.53%) points to the index.

Sectors contributing positively to KSE100 index included Commercial Banks sector (308.36pts), Gas Exploration Companies sector (168.81pts) and Oil and Gas Exploration Companies sector (148.62pts). Companies contributing postively to the index included HBL(65.74pts), MEBL(34.92pts), HUBC(34.30pts).

The volume leaders included MEBL, HBL, TRG. The scrips traded 143.66mn, 56.89mn and 54.50mn shares respectively.

MARKET FRONT

CFDs on Brent Crude oil posted an intraday high of $77.61 and intraday low of $74.14. Oil is currently trading at $74.49 (10:54pm Wednesday, 06 December 2023 (GMT+5) Time in Pakistan).

CFDs on WTI Crude Oil posted an intraday high of $72.56 and intraday low of $69.13. Oil is currently trading at $69.55 (10:54pm Wednesday, 06 December 2023 (GMT+5) Time in Pakistan).