Closing Bell: KSE-100 Index down; loses 77.42, -0.18%

Carrying forward the oi prices rally prompted by Kurdish referendum, index began the day with a rally only to lose points at the day end. As the prices went up, the oil stocks witnessed an upward rally, OGDC (+0.49%), POL (+3.53%) and PPL (+1.25%) closed the session in positive. MARI (+0.10%) was on a different trajectory as it goes through a bidding process to offload Government stake by up to 19 percent.

However, on the flipside Fertilizer stocks witnessed profit taking after a rally instigated by rising prices for Urea Spot in the international markets. Despite, NFDC numbers revealing a substantial increase in Fertilizer Sales from the same Kharif season in 2016, FFC (-0.41%), FFBL (-0.52%), EFERT (-0.52%) and DAWH (-2.60%) closed the day in red.

KSE-100 Index participation inclined to 93.91 million shares up from 67.65 million shares yesterday (last session).

Indices

Symbol

Close

Change

High

Low

Total Volume

Time

KSE100

42,666.23

-77.42

42,957.71

42,599.64

93,918,030

17:11:11

ALLSHR

30,468.21

18.92

30,586.71

30,434.71

145,412,890

17:11:11

KSE30

21,821.91

-71.47

22,029.75

21,799.68

66,808,590

17:11:11

KMI30

72,157.32

13.9

72,842.28

72,036.23

57,036,120

17:11:11

KMIALLSHR

21,388.58

80.27

21,460.12

21,308.31

86,626,650

17:11:11

BKTi

15,982.88

-142.39

16,148.53

15,924.26

11,503,600

17:11:11

OGTi

17,701.18

254.55

17,955.70

17,446.63

6,288,500

17:11:11

President of the Federation of Pakistan Chambers of Commerce and Industry Zubair Tufail has said Pakistan offers huge opportunities to foreign investors in the agriculture sector that include crops, seeds, livestock, farming, and processing. He said that, foreign investors could generate handsome profits by investing in Pakistan and export their products to Iran, Afghanistan, Middle East, Central Asia, EU, US and many other countries.

In the commodities markets, Gold steadied on Wednesday after reaching its highest in weeks ever since tensions started mounting again over the Korean and US war of words. Investors flocked to safe investments, as equities saw a decline after announcements making war claims were sent out by North Korean Government via Twitter. Spot gold was nearly unchanged at $1,310.01 per ounce at 0636 GMT, after earlier marking its highest since Sept. 20 at $1,313.54. It gained over 1 percent in the previous session. U.S. gold futures for December delivery rose 0.2 percent to $1,313.70 per ounce.

Pakistan Suzuki Motors Co. Ltd. (PSMC) informed stakeholders that, it plans to seek approval through special resolution as required under The Companies Act, to issue Corporate Guarantee of up to Rs. 744,000,000 to Meezan Bank Ltd. for Tecno Auto Glass Ltd. (TAG), an associated company in respect of financing facilities for setting up plant of automobile glass.

KSE-100 Index at the day end lost a total of 77.42 points down by 0.18%, closing at 42666.23 points. Index Volume was 93.91 million shares, value of shares traded was PKR 6.17 billion with index low-high range of 42599.64 – 42957.71.

127 companies closed up, whereas 223 were down at the day end.

5 – Gainers of the Day

Symbol

Name

Change

UPFL

Unilever Pakistan Foods Ltd.

100

KHTC

Khyber Tobacco Co. Ltd.

37

ARPL

Archroma Pakistan Ltd.

19.62

POL

Pakistan Oilfields Ltd.

17.57

INDU

Indus Motor Co. Ltd.

16.89

 

5 – Losers of the Day

Symbol

Name

Change

WYETH

Wyeth Pakistan

-109.5

MUREB

Murree Brewery Pak. Ltd.

-31.32

ATBA

Atlas Battery Ltd.

-21.88

HINO

Hinpak Motors Pakistan

-16

ISIL

Ismail Industries Ltd.

-15.25

 

Volume Leaders

Symbol

Name

Volume

KEL

Aisha Steels Ltd. K-Electric Ltd.

33,805,000

DCR

Dolmen City REIT

8,207,500

MLCF

Maple Leaf Cement Factory Ltd.

6,000,700

LOTCHEM

Lotte Chemicals Ltd.

5,307,000

TRG

TRG Pakistan

4,237,500

BOP

Bank of Punjab

3,762,500

CWSM

Chakwal Spinning Mills Ltd.

3,511,000

OGDC

Oil and Gas Development Authority

3,466,300

AMTEX

Amtex Ltd.

3,202,000

BAFL

Bank Alfalah Ltd.

2,767,500

 

Posted on: 2017-09-26T18:07:00+05:00