Market Wrap 9-July-19: KSE-100 gains 112 points amid low volumes

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Market Wrap 9-July-19: KSE-100 gains 112 points amid low volumes

The index opened on a positive note and remained bullish throughout the trading session closing in gree with a traded volume of 48.3 million shares.

The index closed with a gain of 112 points. During the intraday, the index touched a low of 308 points. The gain was contributed by Pakistan Petroleum -PPL (up 1.9%), Oil and Gas Development Co-OGDC (up 1.2%) and Pakistan Oil Fields- POL(up 2.7%).

The benchmark KSE100 Index seems to have lost momentum ahead of major descending resistance at 34,000 level as visible on its daily time frame.

 KSE-100 Intra-Day Pattern

Source: dps.psx.com.pk

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