Cement Sector Leads the Gains on the 100 index on stronger sales

The first trading session of the week witnessed a bullish capital market as the KSE – 100 index advanced by another 303 points, or 0.7%, to conclude the day at 42,808 points.

The index traveled within a range of 400 points to advance to an intraday high of 42,854 points while it touched an intraday low of 42,453 points during the day.

76.5 million shares, worth PKR 5 billion were traded by the companies listed within the 100 – index.

Cement Sector was the largest net gainer among the KSE 100 companies on the back of stronger sales figures that grew by 5.1% in July on a year-on-year basis. The sector was followed by Fertilizer companies, which together with the Cement sector contributed a total of 156 points to the 100 – index.

Among the 96 companies that traded in the KSE – 100 index today, 66 companies closed the session in the positive zone, while 29 companies closed the session in the negative zone with only 1 company remaining unchanged in its value by the end of the session.

The broader KSE All Share gained merely 69 points from its previous closing value, to settle at 30,945 points. The index peaked at 31,042 points and touched a low of 30,857 points moving in a range of 184 points.

The companies constituting the KSE All share index witnessed an overall trading activity of around 153.8 million shares at a value of PKR 6.7 billion, down from previous session’s total trade of 203 million shares worth PKR 9.4 billion.

Chemical sector took the lead with respect to the sector turnover at the Karachi Stock Exchange today as the companies constituting the sector saw a trading activity of 20.2 million shares.

By the day end, of all the companies listed at the Karachi Stock Exchange that traded today, 174 companies had advanced, 145 companies had declined while 9 companies remained unchanged from their previous closing values.

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