KSE-100 Gains 735 Points Amid Treasury Bill Auction Optimism

Staff Report: The KSE-100 index maintained its upward trajectory, registering an intraday gain of 735 points before closing at 78,793, reflecting a 0.68% increase.

This sustained positive momentum is largely credited to yesterday’s treasury bill auction, where the government significantly lowered the cutoff yields by up to 148 basis points.Market Rallies, KSE 100 Gains 0.44% Amid MARI’s Record Profit and T-Bill Yield Decline

The cement and steel sectors showed marked optimism as investors anticipate a rate cut in the forthcoming monetary policy. Key players such as DGKC (5.59%), FCCL (4.48%), KOHC (4.10%), CSAP (10%), ASL (4.63%), and MUGHAL (3.10%) closed higher than their previous session’s performance.

Notably, FFC, SRVI, NBP, PSO, and LUCK collectively contributed 355 points to the index. Conversely, profit-taking in HBL, ENGRO, MTL, and MEBL led to a deduction of 132 points.

Trading activity remained strong, with over 797 million shares traded, amounting to a total value of Rs 16.8 billion. WTL topped the volume chart, recording over 140 million shares traded.