KSE-100 index moves with slight gain of 30 points
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.