November 22, 2023 (MLN): The benchmark KSE-100 Index has gained 485 points or 0.85% during intraday and is currently nearing the 58,000 mark.
The index is currently trading at 57,856.59 [11:20am PST], with a traded volume of 77.846 million shares.
The positivity continues to be fueled by hopes of better economic conditions, following the International Monetary Fund (IMF)’s preliminary approval for the release of the next loan tranche under the current $3 billion loan program.
Upon approval, Pakistan will have access to SDR 528 million, which is around $700 million.
KSE-100 index is being supported by Commercial Banks with 157.75, Oil & Gas Exploration Companies with 76.05, Fertilizer with 63.07, Food & Personal Care Products with 26.39, and Oil & Gas Marketing Companies with 19.92 points.
Companies adding points to the index are MEBL with 64.92, PPL with 33.02, BAHL with 31.77, OGDC with 26.22, and ENGRO with 19.29 points.
In the broader market, the All-Share index is currently trading at 38,853.92 with a net gain of 344.75 points.
WTL continues to stay in the limelight and maintain its status as the volume leader, with its US entity advancing closer to its NASDAQ listing.
| Company | Volume |
|---|---|
| WTL | 24,504,114 |
| FFBL | 10,962,000 |
| FFL | 9,152,875 |
| KEL | 8,501,182 |
| ASC | 7,940,994 |
| TREET | 6,459,278 |
| AIRLINK | 6,309,599 |
| TELE | 5,340,948 |
| PRL | 5,080,401 |
| SSGC | 5,047,580 |
To note, the KSE-100 has gained 16,404 points or 39.57% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 17,436 points, equivalent to 43.14% in the KSE-100.
Copyright Mettis Link News
Posted on:2023-11-22T11:20:43+05:00
41648
