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Closing Bell: KSE-100 Index reaches an All-time high, Up by 0.63 Percent, Gains 324.90 points

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KSE-100 Benchmark Index reached a record high after oil and cement stocks sent the market soaring. The market reached an all time high in today’s session after the oil stocks opened up after the OPEC member’s announcement yesterday of cutting supply to Asian countries yesterday. The opening session saw a rise resulting from OPEC announcement, the momentum continued during the day when index reached record highs. The Index reached at a level of 51750.91 points.

During today’s session, market reached an all time high of 51793.56 and a low of 51,399.23 points.

Top net gainers in today’ session was Unilever +200.00[+3.23%], Sapphire Fibres +66.50[+5.00%], NESTLE +50.00[+0.51%], Pak Services +46.00[+4.93%] and Wyeth Chemicals +31.63[+1.35%].

Top net losers in today’s session were Hino Pak -83.75[-5.00%], Sanofi Aventis -50.01[-2.33%], Jubilee Life Insurance Company -15.49[-2.18%] and Attock Cement -14.65[-4.38%].

The sectors with most companies in green were Cement, Engineering, Oil & Gas Exploration Companies, Oil & Gas Marketing Companies, Power Generation & Distribution and Food & Personal Care Products.

Although figures released by Pakistan Automotive Manufacturers’ Association showed car sales to be slowing, it did not affect the performance of Automobile Parts & Accessories sector.

All Share Volume decreased by 50.80 Million to 346.71 Million Shares. Market Cap increased by Rs.43.89 Billion.

Total companies traded were 389 compared to 386 from the previous session. Of the scrips traded 197 closed up, 169 closed down while 23 remained unchanged.

Total trades decreased by 9,423 to 106,132.

Value Traded increased by 0.87 Billion to Rs.18.73 Billion

Company Volume

Top Ten by Volume

Summit Bank 34,501,500
K-Electric 22,251,000
Byco Petroleum Pakistan 19,363,000
Dewan Cement 18,652,000
The Bank of Punjab 18,385,000
Engro Polymer & Chemicals 13,630,500
Silkbank 12,486,000
International Steels 10,639,500
Worldcall Telecom 10,037,000
Azgard Nine 9,269,500

 

Sector Volume

Top Sector by Volume

Commercial Banks 91,288,100
Cement 32,251,700
Refinery 29,743,950
Engineering 26,151,000
Power Generation & Distribution 25,571,400
Chemical 23,377,870
Textile Composite 20,721,420
Technology & Communication 17,206,500
Oil & Gas Marketing Companies 11,411,450
Fertilizer 8,791,300

 

Posted on: 2017-05-12T18:14:00+05:00

PKR 262.6 per USD

PKR reached historic low in Interbank