KSE – 100 falls by 280.99 points

KSE – 100 opened the session on a negative trend, dropping 280 points to close at 40662.79 points amid dull trading. Market opened lower with ENGRO – 2.7% denting Index in early trade; volume for the stock totaled near 9mn shares.

With KSE – 100's fourth consecutive session closing in on negative, Oil & Financials took their toll on the market with giants like HBL -2.3%, OGDC -2.4%, MCB Bank -2.4%, PPL -1.6% and POL -1.4% all posting negative returns during the session. MARI petroleum opened the session with a news of new hydrocarbon discovery, which according to analysts will add positivity of EPS and bottom line of the company.

On the other hand, SBP reported that, Total Foreign Investment during October declined by 72%, falling from 1098.9 million dollars in October 2016 to 302.7 million dollars in October, 2017. However, FDI during July – October period rose by 74 percent. FDI in the first 4 months of Fiscal year 2017 amounts to $940 million.

Sector-wise all share index turnover was led by Fertilizer (10.74 million), Textile Composite (10.47 million), and Technology & Communication (7.70 million) stocks, and with Oil & Gas Marketing Companies (5.575 million) and Miscellaneous (3.152 million) stocks trailing at the bottom.

KSE-100 Index at the day end moved a total of -280.99 points down by 0.69%, closing in at 40662.79 points. Index Volume was at 47.870 million shares, value of shares traded was PKR 5.995 billion with index high-low range of 40943.78 – 40585.54.

The index movement was limited within the 358.24 points range.

30 companies closed up, whereas 44 were down at the day end.


Gainers of the Day

Symbol

Name

Net Change

COLG

Colgate – Palmolive Pak

108.99

MARI

Mari Petroleum

55.75

PSMC

Pak Suzuki Motors Ltd.

5.23

LUCK

Lucky Cement

4.95

SHFA

Shifa International

4.87

 

Losers of the Day

Symbol

Name

Net Change

POL

Pakistan Oilfields Ltd.

-9.39

ENGRO

Engro Corporation

-6.17

GADT

Gadoon Textile Mills

-5.13

MTL

Millat Tractors Ltd.

-4.6

SHEL

Shell Pakistan

-4.33

 

Volume Leaders

Symbol

Name

Volume

ENGRO

Engro Corp

7,128,400

PTC

Pakistan Telecommunication Ltd.

2,145,000

TRG

TRG Pakistan

1,732,000

NCL

Nishat Chunian Ltd.

936,500

SSGC

Sui North Gas Pipelines Ltd.

722,000

SNGP

Sui Southern Gas Co. Ltd.

708,400

PAEL

Pak Elektron

598,600

HBL

Habib Bank Ltd.

564,500

KEL

K-Electric

475,500

BOP

Bank of Punjab

462,000

 

Posted on: 2017-11-15T18:11:00+05:00