KSE-100 index back to bullish momentum

Amanullah Khan

Karachi—The KSE-100 Index which was facing a corrective spell during last couple of trading sessions bounced back with a gain of 111 points to close in green at 42,404 levels despite pressure due to outflow of foreign institutional portfolio.
It may be mentioned that the foreign institutional investors were net sellers of Rs710 million during previous trading session however the market sentiments remained high on the back of inflow of positive developments related to CPEC project, as well as strongly rally of the corporate financial results Amid comparatively thin market volume of 385 million all shares the WorldCall was the volume leader of the day with a trade of 37 million shares to their credit.
The other two volume leaders of the day were including Japan Power and Bank of Punjab with trade volumes of 29 million shares 22 million shares to their respective credit.

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