The benchmark KSE-100 index rebounded on Wednesday after witnessing one of the worst single-day drops yesterday... The post Intraday Report: KSE-100 recovers from yesterday’s slump, gains over 1,000pts appeared first on Mettis Global Link.
December 27, 2023 (MLN): The benchmark KSE-100 index rebounded on Wednesday after witnessing one of the worst single-day drops yesterday.
The index is currently trading at 60,309 [01:00pm PST] showing an increase of 1,138 points or 1.92%, with a traded volume of 207.08 million shares.
In yesterday's post-market report by a prominent Brokerage House Arib Habib Limited, it noted that KSE-100 historically rebounds after a 10% drawdown from its peak in bull markets.
Yesterday's close took the total loss to 7,923 points or 11.81% since the peak on December 13.
In today's session, KSE-100 index is being supported by Commercial Banks with 245.3, Fertilizer with 114.21, Power Generation & Distribution with 89.55, Cement with 74.54, and Refinery with 56.21 points.
Companies adding points to the index are EFERT with 70.17, MEBL with 69.81, HUBC with 64.33, BAFL with 37.24, and HBL with 35.59 points.
In the broader market, the All-Share index is at 40,332.06 with a net gain of 613.30 points.
| KEL | 66,041,807 |
| FFL | 32,523,235 |
| CNERGY | 27,850,498 |
| BOP | 24,437,073 |
| WTL | 22,440,431 |
| PRL | 17,498,572 |
| PTC | 9,801,500 |
| PAEL | 8,903,778 |
| HASCOL | 7,970,000 |
| PIBTL | 7,092,500 |
To note, the KSE-100 has gained 18,856 points or 45.49% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 19,889 points, equivalent to 49.2%.
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Posted on: 2023-12-27T12:59:43+05:00
The post Intraday Report: KSE-100 recovers from yesterday’s slump, gains over 1,000pts appeared first on Mettis Global Link.