The Pakistan Stock Exchange (PSX) benchmark index gained 463 points, or 0.74%, to close just below the 63,000 mark today, maintaining its bullish momentum. The index gained (+801.80) points in the previous session.

Interestingly, a report released yesterday by Arib Habib Limited, a well-known brokerage house in Pakistan, predicted that the KSE-100 index would reach 81,000 by December 2024.

KSE100

The Benchmark KSE100 Index closed the session green with index posting an intraday high of 543.46 (0.87%) points and an intraday low of -277.87 (-0.44%) points. PKR continues to gain strength against the greenback and Oil continue to trade below MA200 and major moving averages. Oil is trading near a short term support.

The VOLUME and VALUE TRADED (000’s) stood at 408,331,339 and Rs.22,997,637.15 respectively. Index closed at 62,956.02 pts adding +462.97 points to the index.

The volume leaders included CNERGY(+4.72%), PRL(+4.73%), FFL(+3.65%). The scrips traded 82.30mn, 53.70mn and 37.66mn shares respectively.

MARKET FRONT

CFDs on Brent Crude oil posted an intraday high of $79.05 and intraday low of $77.18. Oil is currently trading at $77.22 (6:21pm Tuesday, 05 December 2023 (GMT+5) Time in Pakistan).

CFDs on WTI Crude Oil posted an intraday high of $74.04 and intraday low of $72.20. Oil is currently trading at $72.25 (6:21pm Tuesday, 05 December 2023 (GMT+5) Time in Pakistan).

 

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