KSE 100 Index Hits High, Closes up Over 869 Points

Staff Report

KSE 100 Index hits high as Pakistan equities kicked off the day on a positive note as the KSE 100 index made an intraday high of 67,873 (+986.95) and managed to close at 67,756.03 (Up by 869.77).

Undoubtedly, it was the cement sector that stole the spotlight, spearheading the market’s upward trajectory.

Investors opted to buy stocks like MLCF (7.5%), FCCL (7.5%), and DGKC (7.5%), which managed to close at their respective upper caps.

The steel sector followed in the footsteps of the cement sector, with ISL (6.70%), MUGHAL (5.05%), ASTL (3.97%), and INIL (3.56%) closing in the green trajectory.How to invest in the Stock Market for Beginners

Consequently, the day’s positive and negative contributors were ENGRO, EFERT, LUCK, PPL, OGDC, DAWH, and MEBL, PPL, MCB, HUBC as they added 546 and lost 64.89 points, respectively.

Over 361.26 million shares were traded today at the bourse, while the total value landed at Rs 11.9 billion. PIAA, FLYNG, and WTL led the volume chart with the trading of over 80.5 million shares.