After losing a total of 2,668 points last week’s to close below the 47,000 mark for the first time in over two months the market started the new week on a negative tone again.
The markets are wary of the upcoming verdict of the Joint Investigation Team expected in a few weeks. The market has been declining ever since Pakistan’s MSCI Inclusion owing to the rising political noise in the country.
The situation has been exacerbated by the declining oil prices, which continue to send market into a laggard mode.
The session witnessed a cumulative decline of 265.22 points or a 0.57 percent.
The index touched an intra-day high of 47,083.26 and a low of 46,312.95 points, and closed at a tally of 46,593.34 points.
The net gainers during today’s session were; Jubilee Life Insurance Corporation Limited JLICL +2.84%, Otsuka Pakistan Limited OTSU +5.00%, Pakistan Oilfields Limited POL +2.40%, Sazgar Engineering Works Limited SAZEW +5.00% and Attock Cement Pakistan Limited ACPL +3.15%.
The net decliners during the session were; Bata Pakistan Limited BATA -4.29%, Wyeth Pakistan Limited WYETH -5.00%, Indus Motor Company Limited INDU -4.72%, Hinopak Motors Limited HINO -5.00% and Service Industries Pakistan Limited SRVI -4.76%.
All Share Volume increased by 40.39 Million to 170.26 Million Shares. Market Cap increased by Rs.129.42 Billion.
Total companies traded were 360 compared to 319 from the previous session. Of the scrips traded 110 closed up, 216 closed down while 34 remained unchanged.
Total trades increased by 10,041 to 48,539.
Value Traded increased by 1.67 Billion to Rs.9.14 Billion
|Bank Of Punjab(R)||9,847,500|
|Engro Polymer & Chemicals||4,737,500|
|Aisha Steel Mills||4,603,500|
|Summit Bank Pref Class “B”||4,208,500|
|The Bank of Punjab||4,109,500|
|Technology & Communication||35,746,500|
|Power Generation & Distribution||15,017,600|
|Glass & Ceramics||5,434,800|
|Oil & Gas Marketing Companies||4,559,550|