KSE – 100 extended gains from previous week, adding more than 239 points to the index. Index has registered a significant growth during the last few weeks as optimism reboots in the index. Rare political calm, coupled with attractive valuations has had local investors buying during the last three weeks.
Despite being the worst performing index in the world during 2017, KSE – 100 currently offers attractive valuations, with a stable political scene the index could rebound. Index drew the curtain to the year 2017 by posting -15.3%, which is the worst annual return for the index since 2008.
The blame for the historic loss could be pinned to numerous reasons: political uncertainty resulting from the disqualification of ex-Prime Minister, weakening External situation of the economy and expectations of PKR’s devaluation which prompted a sell-off by foreigners in turn.
Sector-wise all share index turnover was led by Engineering (19.974 million), Technology & Communication (19.167 million), Cement (15.222 million) and with Insurance (3.240 million) and Inv. Banks/Inv. Cos./Securities Cos. (3.057 million) stocks trailing at the bottom.
KSE-100 Index at the day end moved a total of +239.56 points up by +0.59%, closing in at 40711.04 points with index high-low range of 40815.96 – 40169.62.
KSE – All Share Index Volume was at 118.261 million shares, value of shares traded for all-shares index reached PKR 4.483 billion.
The index movement was limited within the 646.34 points range.
50 companies closed up, whereas 32 were down at the day end.
Gainers of the Day |
||
---|---|---|
Symbol |
Name |
Net Change |
RMPL |
Rafhan – Maize Products Ltd. |
131.00 |
BATA |
Bata Pakistan |
122.61 |
KHTC |
Khyber Tobacco Company Ltd. |
83.03 |
SRVI |
Services Industries |
37.50 |
WYETH |
Wyeth Pakistan |
25.42 |
Losers of the Day |
||
---|---|---|
Symbol |
Name |
Net Change |
PAKT |
Pakistan Tobacco |
-107.38 |
ABOT |
Abbott Laboratories Ltd. |
-29.59 |
NATF |
National Foods Ltd. |
-16.16 |
MARI |
Mari Petroleum |
-12.75 |
HCAR |
Honda Atlas Cars Ltd. |
-11.53 |
Volume Leaders |
||
---|---|---|
Symbol |
Name |
Volume |
TRG |
TRG Pak |
15,081,000 |
DSL |
Dost Steel Ltd. |
14,013,500 |
EPCL |
Engro Polymer Co. Ltd. |
9,521,000 |
DCL |
Dewan Cement Ltd. |
8,234,500 |
DFML |
Dewan Farooque Motors |
4,362,500 |
PAEL |
Pak Elektron |
3,595,500 |
ASL |
Aisha Steel Ltd. |
3,283,000 |
FABL |
Faysal Bank Ltd. |
3,146,000 |
FCCL |
Fauji Cement Co. Ltd |
3,081,500 |
SSGC |
Sui Southern Gas Co. |
2,974,500 |