Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Closing Bell – Markets relatively unmoved amidst budget announcements

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Market’s bullish run in the last week came to a halt today as market closed at almost same level as it opened. The market lost up to 7 points, a decrease of 0.01% and closed at a tally of 52869.01 points.

Pakistan witnessed a dormant day in anticipation of the budget which is slated to be released tomorrow. Also, the market was pre occupied with the launch of pre budget document, the Pakistan Economic Survey 2016-17. 

The market closed on a tally of 52,869.01 points after reaching a 53,127.24 and an intraday low of 52,733.89 points.

All Share Volume decreased by 197.81 Million to 408.89 Million Shares. Market Cap decreased by Rs.0.85 Billion.

Total companies traded were 401 compared to 420 from the previous session. Of the scrips traded 153 closed up, 237 closed down while 11 remained unchanged.

Total trades decreased by 21,425 to 127,346.

Value Traded increased by 0.73 Billion to Rs.24.43 Billion

Company Volume

Top Ten by Volume

Engro Polymer & Chemicals 22,961,500
Aisha Steel Mills 19,652,500
Azgard Nine 15,589,000
Pak Elektron 15,000,000
K-Electric 13,917,500
International Steels 10,284,500
Fauji Cement Company 9,350,000
Dost Steels 9,111,500
Engro Fertilizers 8,168,500
Lotte Chemical Pakistan 7,917,000
Sector Volume

Top Sector by Volume

Engineering 41,914,000
Chemical 35,331,570
Cement 34,522,800
Textile Composite 27,726,660
Power Generation & Distribution 27,698,200
Commercial Banks 26,504,200
Fertilizer 22,884,300
Cable & Electrical Goods 17,889,640
Technology & Communication 13,943,000
Oil & Gas Marketing Companies 11,058,300


Posted on: 2017-05-25T19:18:00+05:00