Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Closing Bell – Index Declines by 1.67 Percent closes at 50591.57 points

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Market dropped a total of 861.59 points or a 1.67 percent today as nearly all of the scrips traded during the day ended up in red continuing from yesterday’s Monday’s negative momentum. The index dropped due to profit taking in the MSCI led stocks which cumulatively dropped the market by 746.21 points.

Pakistan is all set to join the list of MSCI – EM tomorrow. According to the Simulated Constituent List issued by MSCI, 6 large cap, 10 mid cap and 21 small cap companies are expected to become a part of the upcoming inclusion.

The net gainers during today’s session were; Millat Tractors MTL +3.85%, Unilever Pakistan Foods Limited UPFL +0.65%, National Refinery Limited NRL +2.59%, Wah Noble Chemicals Ltd. WAHN +5.00% and Sazgar Engineering Works Limited SAZEW +5.00%.

 The net decliners during the session were; Wyeth Pakistan WYETH -4.96%, Indus Motors Company INDU -4.72%, Mari Petroleum MARI -3,03%, Sanofi Aventis Pakistan Ltd. SAPL -2.31% and Lucky Cement LUCK -5.00%.

All Share Volume increased by 176.23 Million to 410.82 Million Shares. Market Cap decreased by Rs.153.78 Billion.

Total companies traded were 382 same as the previous session. Of the scrips traded 109 closed up, 248 closed down while 25 remained unchanged.

Total trades increased by 37,856 to 123,730.

Value Traded increased by 37.02 Billion to Rs.53.34 Billion

Company Volume

Top Ten by Volume

Oil & Gas Development Company 26,982,800
Engro Corporation 23,416,800
K-Electric 21,463,000
United Bank 21,090,000
Fauji Cement Company 20,852,000
Bank Of Punjab(R) 19,575,500
Habib Bank 17,106,600
Aisha Steel Mills 14,427,000
Power Cement(R) 13,048,500
MCB Bank 11,726,200
Sector Volume

Top Sector by Volume

Commercial Banks 94,133,300
Cement 62,054,400
Fertilizer 46,802,500
Engineering 39,285,300
Power Generation & Distribution 33,818,300
Oil & Gas Exploration Companies 29,434,020
Technology & Communication 13,878,500
Oil & Gas Marketing Companies 13,401,950
Chemical 13,396,100
Textile Composite 7,669,600


Posted on: 2017-05-31T15:40:00+05:00