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

MPS Preview: High for Longer

KSE – 100 gains 209.94 points

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After a series of mixed closes, index today managed to end the session on a better note. Closing above more than 200 points, the index witnessed a 7.4% increase in market participation.  Energy stocks witnessed a decline as the oil rally in the international markets subsided after a power purge in Saudi Arabia led by Muhammad bin Salman. In an attempt to consolidate power, MBS has arrested many of Kingdom's businessman and princes against the charges of corruption. Contrary to that, auto sector demonstrated a rise in investors’ confidence with healthy activity in PSMC and HCAR.

Cement, Oil & Gas Marketing Companies accompanied by Automobile sector scrips took the index upward during the session as markets performance was rather lackluster.

Sector-wise all share index turnover was led by Oil & Gas Marketing Companies (15.03 million), Power Generation & Distribution (14.37 million) and engineering (10.98 million) stocks, and with Fertilizer (3.56) and Automobile Assembler (4.25 million) stocks trailing at the bottom.

Market participation for the 100 Index increased to 57.22mn shares (+7.4% on d/d basis).

KSE-100 Index at the day end moved a total of +209.94 points up by 0.51%, closing at 41259.16 points. Index Volume was 57.21 million shares, value of shares traded was PKR 4.92 billion with index high-low range of 41293.80 – 40970.62.

The index movement was limited within the 323.18 points range.

60 companies closed up, whereas 28 were down at the day end.


Gainers of the Day

Symbol

Name

Net Change

COLG

Colgate – Palmolive Pakistan Ltd.

110

INDU

Indus Motors Ltd.

31.07

NESTLE

Nestle Pakistan Ltd.

30

MTL

Millat Tractors Ltd.

28.37

PSMC

Pak Suzuki Motor Company Ltd.

17.16

 

Losers of the Day

Symbol

Name

Net Change

PKGS

Packages Ltd.

-11.64

NATF

National Foods Ltd.

-9.01

PICT

Pakistan International Container Terminal Ltd.

-6

MUREB

Murree Brewery Pak Ltd.

-5

ACPL

Attock Cement Pak Ltd.

-3.39

 

Volume Leaders

Symbol

Name

Volume

SSGC

Sui Southern Gas Company Ltd

8,789,000

KEL

K-Electric Ltd

5,905,000

TRG

TRG Pak Ltd

5,726,000

SNGP

Sui North Gas Company Ltd

5,499,700

PAEL

Pak Elektron

3,924,900

ISL

International Steel Ltd.

3,741,900

NBP

National Bank Ltd.

2,624,000

PIBTL

Pakistan International Bulk Terminal Ltd.

2,116,500

EFERT

Engro Fertilizer Company Ltd.

2,116,000

OGDC

Oil & Gas Development Company Ltd.

1,692,500

 

Posted on: 2017-11-08T17:51:00+05:00