Mettis Global News
Mettis Global News
Mettis Global News AD
Mettis Global News AD

Closing Bell – Index Up 1.89 Percent

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

After a start of week with bruises and bloodshed, the market has finally picked up on the positive momentum instigated by the institutional buyers. The market ended the session at a positive number, after showing slight volatility in early trader.

After falling at a six month low on Tuesday, the markets ended its negative session runs on Wednesday (yesterday) as the markets picked up due to institutional investors taking advantage of the low priced stocks. Market analysts expect the frenzy to be short lived and may only be an event for an event for few days as the looming political uncertainty continues to hinder any solid growth in the market.

The session witnessed a cumulative incline of 857.85 points or a 1.89 percent.

The index touched an intra-day high of 46464.38 and a low of 45474.46 points, and closed at a tally of 46332.44 points.

The net gainers during today’s session were; Millat Tractors MTL +4.07%, Hinopak Motors Limited HINO +4.22%, Exide Pakistan EXIDE +4.09%, Mari Petroleum Company MARI +2.54% and Atlas Battery ATBA +4.33%. 

The net decliners during the session were; Rafhan Maize Products Limited RMPL -3.52%, Wyeth Pakistan WYETH -2.83%, Honda Atlas Cars HCAR -5.00%, JDW Sugar Mills JDWS -4.25% and Thal Limited THALL -2.28%.

All Share Volume decreased by 51.60 Million to 294.87 Million Shares. Market Cap increased by Rs.138.31 Billion.

Total companies traded were 383 compared to 377 from the previous session. Of the scrips traded 259 closed up, 106 closed down while 18 remained unchanged.

Total trades decreased by 14,417 to 69,542.

Value Traded decreased by 3.29 Billion to Rs.13.34 Billion

Company Volume

Top Ten by Volume

K-Electric 68,234,500
TRG Pakistan 15,762,000
Bank Of Punjab(R) 14,889,000
Engro Polymer & Chemicals 13,034,000
The Bank of Punjab 9,927,500
Aisha Steel Mills 8,963,000
Dost Steels 7,210,000
NIB Bank 5,729,500
Pak Elektron 5,649,000
International Steels 4,885,000


Sector Volume

Top Sector by Volume

Power Generation & Distribution 72,749,800
Commercial Banks 50,933,600
Engineering 25,123,700
Technology & Communication 23,398,000
Chemical 19,499,150
Cement 14,834,400
Fertilizer 11,227,600
Textile Composite 10,967,000
Inv. Banks / Inv. Cos. / Securities Cos. 8,220,500
Cable & Electrical Goods 7,869,460


Posted on: 2017-06-22T15:28:00+05:00


Weekly Inflation up