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Early trade: KSE-100 surges by 484 points

October 07, 2021 (MLN): Pakistan Stock Exchange opened higher on Thursday with the benchmarks KSE-100 adding 484 points and is currently trading at 44,858 [10:39 am] as the measures taken by SBP to curb undesirable foreign currency outflow aided the modest gains in early trade.

So far, Cement has captured the maximum gained, as it has contributed 159 points to the benchmark index, followed by Commercial Banks with 87 points. It is pertinent to note that the cement stocks took some breather today amid an 8% decline in coal price (to USD 219.6/mt), a morning report by Ismail Iqbal Securities highlighted.

Among the 100 stocks, LUCK, HBL, CHCC, MLCF, KTML and DGKC were the top index gainers.

Copyright Mettis Link News

Posted on: 2021-10-07T10:43:07+05:00

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