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Closing Bell – Market shrugs off last weeks upsets

After the last week’s bloodshed, the carnage appears to have subsided. With market crossing the 50,000 points threshold, as automobile assemblers, automobile parts and accessories, cement, chemical, commercial banks, fertilizer, oil & gas exploration, oil & gas marketing and power generation and distribution ended with most scrips in green.

The week started on a bullish note as seasoned investors saw the drop in prices as an opportunity to invest more deeply into the market. The market increased by a total of 1565.63 points.

Market closed on a tally of 50,120.93 points or a +3.22%. The market was in a much better position today compared to the last week. The session’s trajectory was all in ascending after an initial dip downward during the early hours of the morning.

The net gainers during today’s session were; Wyeth Pakistan WYETH +5.00%, Unilever Pakistan Foods Limited UPFL +1.61%, Indus Motor Company INDU +5.00%, Mari Petroleum MARI +5.00% and Sanofi-Aventis Pakistan Limited SAPL +4.13%

The net decliners during the session were; Rafhan Maize Products Company Limited RMPL -0.87%, Indus Dyeing and Manufacturing Co. IDYM -5.00%, Shahtaj Textile Limited STJT-4.89%, AKD Capital Limited AKDCL -4.01% and Murree Brewery Company Ltd. MUREB -0.66%.

All Share Volume increased by 33.38 Million to 255.14 Million Shares. Market Cap increased by Rs.268.05 Billion.

Total companies traded were 391 compared to 356 from the previous session. Of the scrips traded 325 closed up, 49 closed down while 17 remained unchanged.

Total trades increased by 5,341 to 79,638.

Value Traded decreased by 1.92 Billion to Rs.13.86 Billion

Company Volume

Top Ten by Volume

Bank Of Punjab(R) 26,038,500
Power Cement(R) 19,780,500
K-Electric 14,061,500
The Bank of Punjab 9,217,500
Aisha Steel Mills 8,492,000
TRG Pakistan 6,976,500
Azgard Nine 6,645,000
Dewan Salman Fibre 6,414,500
Invest Capital Investment Bank 6,314,500
Engro Polymer & Chemicals 5,953,000
Sector Volume

Top Sector by Volume

Commercial Banks 53,849,700
Cement 38,849,600
Engineering 26,308,600
Power Generation & Distribution 19,323,700
Technology & Communication 12,639,000
Textile Composite 11,848,320
Chemical 11,358,800
Inv. Banks / Inv. Cos. / Securities Cos. 11,001,000
Textile Spinning 7,796,950
Oil & Gas Marketing Companies 7,200,450

 

Posted on: 2017-06-05T15:38:00+05:00
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