The stock market continued its upward momentum, extending the bullish trend from the previous day as the benchmark KSE-100 index closed at 46,421.15, marking a gain of 219.03 points or 0.47% day-on-day (DoD). Investor sentiment remained positive, largely driven by the recent announcement of the general election date.
The breach of the 46,000-point milestone the previous day, coupled with a weekly close above this level, signaled a sustained upward trend in the market. Throughout the week, the KSE-100 index accumulated gains of 667.63 points, equivalent to a 1.46% increase.
During the day’s trading session, the index exhibited a range of 318.46 points, with an intraday high of 46,500.45 (up by 298.32 points) and a low of 46,181.99 (down by 20.14 points).
The total trading volume of the KSE-100 Index amounted to 94.48 million shares. Key sectors contributing to the KSE100 index’s performance included Power Generation & Distribution, Commercial Banks, Oil & Gas Exploration Companies, Investment Banks, Investment Companies, Securities Companies, and Pharmaceuticals.
Notable companies that contributed positively to the index included HUBC, PPL, FFC, DAWH, and UNITY, while companies such as SYS, ENGRO, MTL, NESTLE, and TRG had a negative impact on the index.
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