Midday report: KSE-100 gains more than 700 points ahead of re-entry into MSCI EM

The Pakistan Stock Exchange has started the week on a positive note, with the benchmark KSE-100 index gaining 762.49 points, or 1.47 per cent, by the halfway mark of the trading session, breaching the 52,000 point barrier to reach 52,513.40.

Volumes were led by commercial banking stocks as the market was bolstered by the impending MSCI reclassification due early tomorrow.

87.46 million shares had changed hands by the middle of the session, with a total worth of nearly Rs10.11 billion.

Stocks of 354 companies were traded, of which 219 gained in value, 118 declined and 17 remained unchanged.

Volumes were led by:

  1. Engro Polymer: 20.96m shares traded [+2.69pc];

  2. Dost Steels Ltd: 15.72m shares traded [+7.58pc];

  3. Bank of PunjabXR: 8.30m shares traded [+1.82pc];

  4. Azgard Nine: 7.65m shares traded [+1.73pc]; and,

  5. Silk Bank Ltd: 7.16m shares traded [+2.84pc].

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