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Closing Bell – Index crosses 53,000 threshold during the day, closes at 52,876 points

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Stock Market on Wednesday recorded a positive upsurge as chemical and banking sectors sent the stocks rallying during the morning session. The market witnessed a record high after the first three hours of trading when it reached an all time high of 53,100 points. The market closed 220 points lower than the intraday peak. KSE-100 index gained 729.49 points, or 1.40 per cent.

Overall, the market’s bullish trend was driven by the cement, chemical, banking and oil and gas marketing sectors. Oil and gas marketing sector companies witnessed a rise after the news that government was planning to let OMC’s set profit margins to make the industry more competitive broke out.

Companies adding most points to the tally were; Pakistan Petroleum Ltd. (PPL), Oil and Gas Development Company (OGDC), Habib Bank Limited (HBL), MCB Bank Ltd. (MCB), Bank AL Habib Ltd. (BAHL) and Dawood Hercules (DAWH).

The market closed on a tally of 52,876 points after reaching a 53103.21 and an intraday low of 52,146 points.

All Share Volume increased by 282.77 Million to 606.69 Million Shares. Market Cap increased by Rs.126.07 Billion.

Total companies traded were 420 compared to 417 from the previous session. Of the scrips traded 188 closed up, 215 closed down while 17 remained unchanged.

Total trades increased by 38,975 to 148,771.

Value Traded increased by 4.08 Billion to Rs.23.70 Billion

Company Volume

Top Ten by Volume

Lotte Chemical Pakistan 36,250,000
Power Cement 14,503,000
K-Electric 11,140,000
The Bank of Punjab 10,037,500
Worldcall Telecom 9,826,500
TRG Pakistan 9,300,000
Engro Fertilizers 9,006,500
Engro Polymer & Chemicals 9,000,500
Aisha Steel Mills 8,946,000
Fauji Cement Company 8,507,500
Sector Volume

Top Sector by Volume

Chemical 51,042,650
Commercial Banks 47,104,900
Cement 39,552,200
Engineering 25,197,800
Power Generation & Distribution 24,645,400
Technology & Communication 23,898,000
Textile Spinning 17,853,600
Fertilizer 17,701,200
Textile Composite 16,747,500
Sugar & Allied Industries 13,941,800

 

Posted on: 2017-05-24T17:39:00+05:00

27.55% YoY

CPI for January stands