Investors mixed as the index holds firm during initial hours

Capital markets look dim as the benchmark index, KSE 100, opened up 127 points over the last trading session’s closing value, but since then has fallen by about 89 points, currently trading at 42,684 points.

Compared to the previous session’s closing, the index has gained 46 points, an increase of merely 0.11%.

So far, the 100 index has reached an intraday high of 42,852 points while an intraday low of 42,611 points has been recorded so far, travelling a tight range of 241 points. Total volume on the 100 index has been recorded at 22 million shares.

Sector wise, Oil and Gas exploration companies have contributed the most points to the index so far, while Oil and Gas Marketing companies have taken the most points from it.

Within the 100 index, Attock Petroleum Limited has been the top gainer so far, having gained Rs 29.12 so far, an increase of 5%. Attock Petroleum also reported its financial earnings for the year, with reported profits demonstrating an increase of about 6.7%. Colgate Palmolive has come out as the top looser in the 100 index so far, having lost Rs 90.42 or 3.02% so far.

The broader KSE All Share Index too has gained merely 7 points from its previous index, having moved in a range of 133 points so far. A total of 46.1 million shares have been traded on Karachi Stock Exchange as of now.

Sanofi-Aventis Pakistan Limited (SAPL) has gained the most on the Karachi Stock Exchange, and has witnessed an increae of Rs 48.99 in its stock price so far, a gain of 4.67%. Colgate Palmolive on the other hand, remains the top looser throughout KSE.