Markets opened to a dip downward when in the first hour the markets shed 234 points in total. Later on the market sentiment was bullish owning to the rising depreciation of dollar value in the Forex market. The market witnessed its peak point at noon when it gained more than 950 points driven by the oil and gas, Power, Textile, IT and Sugar generated a positive momentum in the wake of positive momentum.
However, cements sectors which fared negatively against the rupee depreciation took the hit as it would raise the production costs from the coal imports.
The session witnessed a cumulative incline of 19.36 points or a 0.04 percent.
The index touched an intra-day high of 46358.26 and a low of 45152.63 points, and closed at a tally of 45413.42 points.
The net percentage gainers by price during today’s session were; Sapphire Fibres SFL +5.00%, Mari Petroleum MARI 3.64%, Colgate-Palmolive COLG +2.22%, Services Industries Limited SRV 2.51% and Hino-Pak Motors Limited HINO 2.04%.
The net percentage decliners during the session were; Indus Motor Company INDU -3.41%, Millat Tractors Limited MTL -3.18%, Pak Suzuki Motor Company PSMC -4.95%, Honda Atlas Cars HCAR -4.65% and National Refinery Limited NRL -4.91%.
Top 10 volume Leaders; The Resource Group TRG 17.4 million, Bank of Punjab BOP 16.25 million, Engro Polymers and Chemicals Limited EPC 8.82 million, Worldcall Telecom WTL 8.78 million and Ittefaq Iron Limited ITTEFAQ 7.68 million.
All Share Volume increased by 14.1 Million to 204.26 Million Shares. Market Cap increased by Rs. 4.3 billion.
Total companies traded were 358 compared to previous session’s number of 382. Of the scrips traded 157 closed up, 186 closed down while 15 remained unchanged.
Total trades increased by 13,512 to 81,523.
Value Traded increased by 2.8 Billion to Rs. 12.5 Billion.