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

MPS Preview: High for Longer

KSE – 100 gains 38.76 points today

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KSE – 100 remained range bound today after touching its yearly lows during intraday trading. Sugar Stocks were the highlight today after approval for export was granted by Economic Co-ordination Committee to Sugar exporters.

However, the recovery from recent shocks might take too much time in the coming weeks. The political unrest coupled with the weakening fundamentals is taking a heavy toll on the market.

Sector-wise all share index turnover was led by Technology & Communication (21.64 million), Power Generation & Distribution (14.88 million), and Cement (13.81 million) with Engineering (4.04 million) and Oil & Gas Exploration Cos. (3.74 million) stocks trailing at the bottom.

KSE-100 Index at the day end moved a total of +38.76 points up by 0.10%, closing in at 39672.89 points.

Index Volume was at 73.09 million shares, value of shares traded reached PKR 5.905 billion with index high-low range of 39760.50 – 39462.71.

The index movement was limited within the 297.79 points range.

50 companies closed up, whereas 32 were down at the day end.


Gainers of the Day

Symbol

Name

Net Change

PMPK

Phillip Morris Pak

151.12

PAKT

Pak Tobacco

21.22

JLICL

Jubilee Life Insurance Co.

18.00

ENGRO

Engro Corp

10.88

INDU

Indus Motor

10.37

 

Losers of the Day

Symbol

Name

Net Change

MTL

Millat Tractors

-8.2

POL

Pakistan Oilfields Ltd.

-6.92

THALL

Thall Ltd.

-6.78

MARI

Mari Petroleum

-4.98

IGIIL

IGI Life Insurance

-3.89

 

Volume Leaders

Symbol

Name

Volume

TRG

K-Electric

17,065,000

KEL

TRG Pak

11,004,000

FCCL

Fauji Cement Co. Ltd.

9,408,500

EFERT

Engro Fertilizer Co.

4,839,500

ENGRO

Engro Corp.

4,818,700

PAEL

Pak Elektron

3,174,900

ATRL

Attock Refinery Ltd.

2,647,600

HBL

Habib Bank Ltd.

2,626,600

PPL

Pakistan Petroleum Ltd.

1,669,800

SSGC

Sui Southern Gas Co.

1,562,500

Posted on: 2017-11-29T18:17:00+05:00