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

CPI Preview: Inflation to fall below 14% YoY in May

Closing Bell – Index Down 3.75 Percent

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

The week started off with carnage yet again as more than 88% of the scrips traded during the day ended in red.

The bears dominated today’s session as political turmoil hits the market harder than anticipated. The notice to Prime Minister to appear before Panama Leaks JIT sent the market into an acute lack of confidence. The investors continue to be bearish on the looming uncertainty over the JIT probe’s decision with respect to Prime Minister Sharif’s family.

Despite witnessing one of the biggest confidence boosting news in the near past, in a bizarre manner markets witnessed a nosedive on the day of inclusion. In a build up to MSCI inclusion, markets had rallied well past 50,000 points but the inclusion date shock and correctional aftermath erased confidence from the market along with profits for the investors.

The session witnessed a cumulative decline of 1855.12 points or a 3.75% decrease.

The index closed on a tally of 47671.80 points after reaching an intra-day high of 49526.92 and a low of 47538.17 points.

The net gainers during today’s session were; Pakistan Tobacco Company Limited PAKT +3.20%, Indus Motor Company Limited INDU +1.27%, Tandlianwala Sugar Mills Limited TSML +4.68%, Colgate-Palmolive Pakistan Limited COLG +0.26% and Glamour Textile Mills Limited GLAT +4.72%.

The net decliners during the session were; Sanofi-Aventis Pakistan Limited SAPL -5.00%, Mari Petroleum MARI -4.70%, Wyeth Pakistan Limited WYETH -3.37%, Hinopak Motors Limited HINO -4.29% and Millat Tractors Limited MTL-4.05%.

All Share Volume increased by 10.79 Million to 219.37 Million Shares. Market Cap decreased by Rs.320.48 Billion.

Total companies traded were 386 compared to 348 from the previous session. Of the scrips traded 26 closed up, 349 closed down while 11 remained unchanged.

Total trades increased by 4,813 to 63,483.

Value Traded increased by 1.08 Billion to Rs.9.27 Billion

Company Volume

Top Ten by Volume

Power Cement(R) 26,345,500
Bank Of Punjab(R) 15,946,000
Worldcall Telecom 13,820,500
Engro Polymer & Chemicals 12,826,500
Dost Steels 10,469,500
The Bank of Punjab 7,275,000
Azgard Nine 6,826,000
Dewan Farooque Spinning Mills 5,935,000
K-Electric 5,055,500
Aisha Steel Mills 4,489,500
Sector Volume

Top Sector by Volume

Cement 39,902,300
Commercial Banks 36,537,600
Chemical 22,468,100
Engineering 21,507,800
Technology & Communication 20,839,500
Textile Composite 11,477,200
Textile Spinning 9,767,000
Power Generation & Distribution 9,041,600
Oil & Gas Marketing Companies 6,218,350
Fertilizer 6,197,100


Posted on: 2017-06-12T15:45:00+05:00