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Closing Bell – Markets fall by 0.31percent

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The week suffered from a lack of activity as the markets were open only for the last two days owing to the Eid holidays.

Yesterday’s session was appositive one for the market as the markets ended the session in a plus of more than 350 points. This was in continuation of the momentum sparked earlier on the last day before Eid holidays. The markets have been finicky for the last few weeks as the political storm continues to brew in the centre. The markets are still skeptical of the impending decision form the Panamagate JIT, which is set to give out a historic verdict in the next few weeks.  

The markets were relatively dormant as there was no stark upward or downward movement during the day. The market activity range was well within 300 range from yesterday's close.

The session witnessed a cumulative decline of 146.56 points or a 0.31 percent.

The index touched an intra-day high of 46831.98 and a low of 46506.12 points, and closed at a tally of 46565.29 points.

The net gainers during today’s session were; Philip Morris PMPK +4.98%, Pakistan Tobacco Company PAKT 4.89%, Wyeth Pakistan WYETH 3.62%, Sapphire Fibres SFL 4.35% and Murree Brewery MUREB 5.00%.

The net decliners during the session were; Nestle Pakistan NESTLE -1.92%, Sanofi-Aventis Pakistan SAPL -3.25%, Exide Pakistan EXIDE -5.00%, Indus Motor Company INDU -1.88% and Hinopak Motors HINO -2.24%.

All Share Volume increased by 48.3 Million to 187.40 Million Shares. Market Cap increased by Rs. 17.5 Million.

Total companies traded were 388 compared to previous session’s number of 385. Of the scrips traded 212 closed up, 152 closed down while 24 remained unchanged.

Total trades decreased by 8,248 to 56,638.

Value Traded decreased by 3.20 Billion to Rs.9.39 Billion

PSX 3-Month Performance

WTI Prices during the Week

PKR This Week

Posted on: 2017-06-30T17:44:00+05:00

PKR 262.6 per USD

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