Karachi, April 09, 2021: KSE 100 index continued its momentum and gained 1 percent to close at 45,171. The positivity in the market was attributed to the State Bank of Pakistan`s chairman statement, in which he indicated that the interest rate will remain sticky at the current level in near future.
Today the major contribution to the index came from TRG, POL, SYS, UBL, and NRL, as they cumulatively contributed 224 points to the index.
Investor confidence grew, as traded volume and value increased by 79 percent and 40 percent on DoD basis to 687 million shares and Rs.25.2 billion respectively. WTL was today`s volume leader with 124 million shares.
ENGRO in a notice to the exchange announced that the Board in its meeting held on April 8th, 2021, has approved an amount of up to USD 31.4 million or the equivalent in PKR, towards conducting engineering, design, and technical studies including a Front End Engineering Design (FEED) study in relation to the propane dehydrogenation (PDH-PP Project).