KSE-100 index gains 444 points to close in green

Amanullah Khan

Karachi—KSE-100 Index jumped almost near 41,000 levels with an impressive gain of 444 points to close in green at 40,986 levels on the first trading session of the week here on Monday. In fact, the KSE-100 index has avoided the scar from Pakistan-India border tension and managed to deliver 2.1% MoM return in Sep-16.
Autos, Telecom and Banks catalyze the index performance while IPPs, Cements, and Chemicals were the key laggards. With CYTD US$ return of 24%, Pakistan has retained its position as 2nd best performing in both EM and FM space.
Amid a brisk trading activity of all shares of 568 million PIAA was the volume leader of the day with a trade of 43.84 million shares to their credit, while bank of Punjab and PACE Pakistan were second and third volume leaders of the day with respective trade of 43.48 and 42 million shares to their credit.

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