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Mettis Global News
Mettis Global News
Mettis Global News

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Bulls back in action as the index gains over 150 points

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Investors within the capital markets opened the first day of the week on a positive note, gaining 157 points by the day end, thereby maintaining the bullish outlook initiated during the last trading session on Friday.

The benchmark KSE – 100 index touched an intraday high of 42,871 points and dropped to an intraday low of 42,588 points, thus traveling within a range of 282 points.

At the session end today, the KSE – 100 index had gained 157 points and concluded the day at 42,745 points.

Of all the companies listed within KSE – 100, a total of 97 companies were traded today. Out of these, 47 companies had landed in the positive territory while 47 had landed in the negative territory on the basis of the changes in their stock prices.

A total 106.9 million shares of these 97 companies were traded today, the value of which added up to PKR 6.4 billion.

Banks, oil and gas exploration, and fertilizer scrips topped amongst the sector contributing more than 125.61pts, with auto parts and accessories and the power generation and distribution lagging at the bottom.

Amongst banks, Bank Al Falah (BAFL) topped the charts as it closed on +3.48pc after it announced half-year results at open. BAFL reported a 24.7pc jump in bottom-line profits after it reported a 89pc increase in foreign currency income, 112pc increase in other income bolstered by 1.66pc increase in net mark-up income.

Engro Polymer (EPCL) made headlines in the market, after it announced a contract with Chinese Tianchen Corporation China (TCC) for an integrated manufacturing facility with an annual production capacity of 100,000 million tons per year. EPCL led the volumes chart after the announcement, with trading in the symbol exceeding more than 20.304 million shares.

Fertilizer scrips were also in the limelight after the National Fertilizer Development (NDFC) released the data for the sales during first four months of Kharif season. Dawood Hercules (DAWH) saw the stock closing up by +2.96pc, whereas, Fauji Fertilizer bin Qasim scrip reported a 2.98pc uptick by the session end.

The broader KSE All-share index, on the other hand, gained 85 points to close the session at 30,975 points.

The intraday high during the day within KSE has been recorded at 31,089 points, whereas intraday low dropped to 30,889 points.

The companies constituting the KSE All Share witnessed trade volume of 217.6 million shares at a value of PKR 9 billion, a significant jump from the lack of volume witnessed on Friday.

Within the broader KSE, 159 scrips closed the session in the green zone, 163 scrips closed the session in the red zone, whereas 13 companies remained as they were by the end of the previous session.

Chemical sector led the volumes today with 48.6 million shares traded during the day.

Net Gainers

Net Losers

Volume leaders

Posted on: 2018-08-27T18:36:00+05:00

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