KSE – 100 gains 422 points

KSE – 100 index closed the session today on a positive note as investor participation almost doubled during the day. Furthermore, the increase trading brought in more value compared to yesterday. Total Value traded in KSE – 100 went from 3.42 billion to 8.349 billion; an increase of 144%.

In the news today, Nishat Hyundai Motors Ltd. has announced that it will break ground for its Automobile Unit on 20th of December in Faisalabad to undertake assembly, sale of passenger and 1 ton commercial vehicles in Pakistan.

Investors were awaiting the IK – JKT verdict set to be announced by the Supreme Court during the day, which was expected to be announced on 2 pm. The Court giving the verdict at 5:00 pm disqualified Jahangir Khan Tareen and cleared Imran Khan of the charges against him.

Sector-wise all share index turnover was led by Commercial Banks (22.53 million), Technology & Communication (21.01 million), Power Generation and Distribution (12.277 million) and with Textile Composite (5.125 million) and Chemical (4.469 million) stocks trailing at the bottom.

KSE-100 Index at the day end moved a total of +422.35 points up by 1.10%, closing in at 38645.90 points with index high-low range of 38924.25 – 38192.70.

KSE – All Share Index Volume was at 139.766 million shares, value of shares traded for all-shares index reached PKR 9.116 billion.

The index movement was limited within the 731.55 points range.

62 companies closed up, whereas 24 were down at the day end.


Gainers of the Day

Symbol

Name

Net Change

COLG

Colgate – Palmolive Pakistan

52.00

SFL

Sapphire Fiber

34.25

ABOT

Abbot Labs

31.01

BHAT

Bhanero Textiles

30.00

MUREB

Murree Brewery

27.00

 

Losers of the Day

Symbol

Name

Net Change

NESTLE

Nestle Pakistan

-635.00

JLICL

Jubilee Life Insurance

-36.50

SRVI

Service Industries Ltd.

-25.01

SAPL

Sanofi-Aventis Pakistan

-18.00

LUCK

Lucky Cement

-14.07

 

Volume Leaders

Symbol

Name

Volume

TRG

TRG Pak

17,954,000

PAEL

Pak Elektron

11,333,500

ENGRO

Engro Corp

7,264,600

KEL

K-Electric

7,176,000

JSBL

Jahangir Siddiqui Bank Ltd.

4,615,000

HBL

Habib Bank Ltd.

4,117,600

SNGP

Sui Northern Gas Co.

3,296,800

DCL

Dewan Cement

3,266,000

ASL

Aisha Steel Ltd.

3,148,000

BOP

Bank of Punjab

3,088,000

Posted on: 2017-12-15T17:27:00+05:00