KSE Market Summary: 100 Index gains over 200 points

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PSX or Pakistan Stock Exchange seen a positive trend as KSE 100 index gained over 200 points.

According to the latest KSE Market Summary, KSE 100 index increased by 211 points. At one point, the index reached at 39,750 points by seeing a rise of over 300 points. According to the sources, Pakistan and IMF are agreed on the potential bailout package that’s worth is around $12 billion.

CPI or Consumer Price Index for February increased by 8.21 percent year-on-year as compared to 7.19 percent YoY previous month..

Habib Bank Limited (HBL) shares increased by 1.8 percent, United Bank Limited (UBL) increased by 1.6 percent, and Meezan Bank Limited (MEBL) increased by 2.1 percent. However, they were among the higher contributors.

Bank of Punjab (BOP) also got 7.8 percent raise from the same sector closed on its upper circuit on the back of 2018 result released by the bank.

According to PSX Market Summary, the traded value lies at $42 million, decreased by 21 percent. However, the share volume lies at 168 million shares, increased by 23 percent. The main contribution to total market volume arrived from BOP (+7.8%), TRG (+2.7%) and PAEL (+1.2%). However, they  exchanged around 99 million shares.

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