Positive day for KSE 100 today

· Positive day for KSE 100 today, as the world has drifted towards a good news of reduced risk of OMICRON, which has helped the international commodities and equities to rally across the globe.

· KSE 100 opened on a positive news and rallied more than 785 points intraday as investor participated in E&P stocks amid expected resolution of gas circular debt.

· The Index closed at 43,853pts as against 43,281pts showing an increase of 572.72pts (+1.32% DoD). Sectors contributing to the performance include E&P (+115pts), Technology & Communications (+114pts), Cement (+85pts), Refinery (+27pts) and Textile Composite (+25pts).

· Volumes increased from 176.9mn shares to 229.4mn shares (+29.7% DoD). Traded value also increased by 37.7% to reach US$ 47.4mn as against US$ 34.4mn.

· Stocks that contributed significantly to the volumes include TELE, TPLP, TREET, HASCOL and UNITY.

Courtesy – AHL

Posted in Article & Features.

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