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Closing Bell: Bulls dominate the session as index gains 1.39%

KSE-100 index witnessed a rebound upwards in today’s session as it gained more than 500 points at close.

Investors were mostly interested in the Steel sector; Mughal, ASTL and Fertilizer; FFBL and FFC stocks. However, the sentiment was overall positive.

FTSE Global Index Series included five of PSX stocks in the Asia Pacific; MCB, SNGP, BAFL, MTL and THALL. Adding to the positive sentiment, CPI numbers were right in the expected bracket. The CPI clocked in at 3.42 which fell in the range of market expectations between 3.20 – 3.60%.

FTSE inclusion, attractive valuations of stocks and CPI numbers all added to the general positive uptick of the index.

In today’s corporate alerts; EMCO notified the exchange regarding approval of Sale of Land and machinery of Tile plant.

The top points contributors to today’s session included; OGDC +4.66%, UBL +2.68%, SNGP +4.85%, BAHL +4.77% and DAWH +3.51%.

KSE-100 Index at the day end gained a total of 572.21 points, closing at 41779.20 points. Index touched an intraday high of 41833.70 points whereas touching a low of 41070.99.

In percentage terms, index was up by 1.39%.

 

 

5 – Gainers of the Day

Symbol

Name

Change

SAPL

Sanofi-Aventis Pak Ltd.

78.35

MTL

Millat Tractors Ltd.

58.22

HINO

Hinopak Motors

56.39

WYETH

Wyeth Pakistan

41.01

ABOT

Abbot Laboratories Pak Ltd.

37.86

 

5 – Losers of the Day

Symbol

Name Bata Pakistan

Change

KHTC

Khyber Tobacco Co.

-44

COLG

Colgate-Palmolive Pakistan

-40

ATBA

Atlas Batteries Pakistan

-20

EXIDE

Exide Pakistan

-16

ARPL

Archroma Pakistan Ltd.

-14.03

 

 

 

Volume Leaders

Symbol

Name

Volume

TRG

TRG Pakistan

9,494,000

ASL

Aisha Steel Ltd

8,130,500

SSGC

Sui Southern Gas Co. Ltd.

6,373,000

ANL

 Azgard Nine Ltd.

6,304,500

KEL

K-Electric

6,262,500

SNGP

Sui Northern Gas Pipelines Ltd.

4,232,500

EPCL

Engro Polymer & Chemicals Pakistan

3,667,500

POWER

Power Cement

3,389,000

ISL

International Steels Ltd.

2,824,500

DSL

Dost Steels Ltd.

2,652,000

Posted on: 2017-09-05T17:50:00+05:00
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