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
|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|
|Power Generation & Distribution||72,749,800|
|Technology & Communication||23,398,000|
|Inv. Banks / Inv. Cos. / Securities Cos.||8,220,500|
|Cable & Electrical Goods||7,869,460|