KSE-100 in­dex moves with slight gain of 30 points

Pakistan Observer - - ECONOMY WATCH -

AMANULLAH KHAN KARACHI—Al­though KSE-100 In­dex re­mained strong amid heavy vol­umes as the mar­ket vol­ume was 281 mil­lion shares at the close yet grow­ing noise over PANAMA

The bullish mo­men­tum was ex­pected to take the KSE-100 in­dex to an all time high yet hue and cry in me­dia talks over PANA Papers might drag the trad­ing ac­tiv­ity into a cor­rec­tion, how­ever the di­rec­tion of the mar­ket is al­ways un­pre­dictable which might go in ei­ther way in the com­ing ses­sion. Mean­while the ce­ment sec­tor re­mained at­trac­tive in the back­drop of en­hanced con­struc­tion ac­tiv­ity both in pri­vate and pub­lic sec­tors across the coun­try.

De­wan Ce­ment was the vol­ume leader of the day with a trade of 59 mil­lion shares while De­wan Mo­tor and Sui North­ern were sec­ond and third vol­ume lead­ers of the day with re­spec­tive trade of 29 mil­lion and 18 mil­lion shares to their credit.

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