Closing Bell: Bears dominate the session; Index down by 0.66%

KSE-100 index witnessed losses yet again today, after slightly recovering on Friday last week. Markets were hovering around 41,000 levels today down by at least 0.7 percent. The participation was relatively lower with just 100 million shares exchanging hands at the exchange during the day. HBL stocks went into second consecutive upper circuit limit after recovering at settlement.

In Corporate news, First Al Noor Modaraba (FANM), Attock Petroleum Ltd (APL), Attock Refinery Ltd (ATRL), Pakistan Oilfields Ltd (POL), Attock Cement Pakistan Ltd (ACPL) and Goodluck Industries Ltd (GIL) announced financial results for the twelve months period.

NEPRA announced it is looking to hire consultant of coal-run power plants as the agency anticipates the consumption is supposed to triple in the next two years. In provincial news, Chief Minister reviews 30 schemes worth Rs. 111 billion launched in Thar for coal mining and Energy uplift.

Sazgar Engineering Works (SAZEW) released sales and production results for the period. The company has increased production by 58 units in the month of August, whereas the company managed to increase number of units sold by 79.

KSE-100 Index at the day gained lost a total of 274.19 points, closing at 41126.83 points. Index touched an intraday high of 41552.05 points whereas touching a low of 41062.47.

In percentage terms, index was down by 0.66%.

5 – Gainers of the Day

Symbol

Name

Change

KHTC

Khyber Tobacco Co. Ltd.

22.98

ICI

ICI Pakistan

21.11

ABOT

Abbott Laboratories Ltd.

13.28

BTL

Blessed Textiles Ltd.

12.11

AGIL

 Agriauto Industries Ltd.

11.74

 

5 – Losers of the Day

Symbol

Name

Change

COLG

Colgate-Palmolive Pakistan

-99

BHAT

Bhanero Textile Mills

-40.61

NRL

National Refinery Ltd.

-31.17

WYETH

Wyeth Pakistan

-27.86

IDYM

Indus Dyeing & Manufacturing Co.

-27.12

 

Volume Leaders

Symbol

Name

Volume

TRG

TRG Pakistan

11,110,500

JSCL

Jahangir Sidduqui Co. Ltd.

7,353,500

ANL

Azgard Nine Ltd.

6,616,500

ASL

Aisha Steel Ltd.

5,781,500

BOP

Bank of Punjab

4,872,500

ATRL

Attock Refinery Ltd.

3,171,000

EPCL

Engro Polymer & Chemicals Ltd.

3,111,500

POWER

Power Cement

3,014,000

PAEL

Pak Elektron

2,613,200

CWSM

Chakwal Spinning Mills Ltd.

2,451,500

 

Posted on: 2017-09-11T18:49:00+05:00