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Closing Bell – Session ends at where it began in the morning

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The market activity graph today looked synonymous to an ECG graph. The market went up and down throughout the day but closed close to almost neutral at the end of the session. The market increased by 23.70 points or 0.05 percent.

The market remained bearish for the most part, as 197 of 365 scrips traded ended up in red.

Banking trio; UBL, HBL, MCB ended the day in green in addition of LUCK whereas OGDC and ENGRO ended the session in red.

Yesterday’s session may have been a bear in bull’s clothing. After the end of weeklong spree of decline, the market closed on the first day of this week by adding 1565.63 points. Trading volumes rose to 255 mn shares compared with Friday’s tally of 221 mn. The value traded during the day was PKR 13.9 bn.

The net gainers during today’s session were; Wyeth Pakistan Limited WYETH +5.00%, Hinopak Motors Limited HINO +5.00%, Exide Pakistan Limited EXIDE +5.00%, Indus Motor Company Limited INDU +2.23% and Ghandhara Industries Limited GHNI +5.00%.

The net decliners during the session were; Island Textile Mills Limited ILTM -5.00%, Pakistan Tobacco Company Limited PAKT -1.43%, Wah Noble Chemicals Limited WAHN -4,97%, Al-Abbas Sugar Mills AABS -5.00% and National Refinery Limited NRL -1.33%.

All Share Volume decreased by 23.41 Million to 231.74 Million Shares. Market Cap decreased by Rs.25.95 Billion.

Total companies traded were 365 compared to 391 from the previous session. Of the scrips traded 149 closed up, 197 closed down while 19 remained unchanged.

Total trades decreased by 5,908 to 73,730.

Value Traded decreased by 0.32 Billion to Rs.13.54 Billion

Company Volume

Top Ten by Volume

Engro Polymer & Chemicals 15,990,000
Dost Steels 15,958,000
Power Cement(R) 14,668,000
Bank Of Punjab(R) 13,510,500
Maple Leaf Cement Factory 10,123,700
TRG Pakistan 8,348,000
Sui Northern Gas Pipelines 7,759,500
Lotte Chemical Pakistan 7,482,000
Aisha Steel Mills 7,032,000
Azgard Nine 5,724,500
Sector Volume

Top Sector by Volume

Cement 40,244,550
Commercial Banks 32,178,900
Engineering 30,561,900
Chemical 25,923,600
Technology & Communication 12,219,500
Oil & Gas Marketing Companies 11,916,350
Power Generation & Distribution 11,213,400
Textile Spinning 8,802,240
Textile Composite 8,246,620
Cable & Electrical Goods 5,830,220

 

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

2.82%

Weekly Inflation up