Bulls remain in control as KSE-100 closes in the green at 186,900.73 points
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Pakistan’s benchmark index, KSE-100, closed in the green on Tuesday at 186,900.73 points.
Overall, the index closed 1 per cent higher than its previous close of 185,057.83. The index hit an intraday high of 187,518.78 and a low of 185,545.92.
Trading volumes improved to 390,194,995 at a value of 37,168,423,725
Topline Securities noted that “the upbeat tone of the market was largely attributed to sustained buying by local institutions, as highlighted by yesterday’s data from the National Clearing Company, reinforcing confidence and underpinning the day’s positive close”.
The top active stocks were K-Electric Limited rising 3.38pc at a volume of 99,508,200 to Rs7.35, First National Equities Limited, rising 5.46pc at a volume of 91,350,753 to Rs1.74, Bank of Punjab, rising 4pc at a volume of 86,293,221 to Rs40.04, Hascol Petroleum Limited, declining 3.47pc at a volume of 27,837,936 to Rs25.02, and Worldcall Telecom Limited rising 0.61pc at a volume of 26,727,949 to Rs1.66.
The top advancers were Crescent Star Insurance Limited (Right), rising 16.86pc to Rs2.01, Paramount Spinning Mills Limited, rising 11.07pc to Rs6.22, and LSE Ventures Limited, rising 10.09pc to Rs10.58.
The top decliners were Shadab Textile Mills Limited, falling 10.01pc to Rs45.87, followed by Kohinoor Industries Limited, declining 10pc to Rs67.46, and Ideal Spinning Mills Limited, falling 9.98pc to Rs28.06.
Topline Securities noted that “on the index front, FFC, UBL, ENGROH, MEBL, MEBL, and SYS emerged as the top contributors, collectively adding 734 points to the benchmark”.
