KSE – 100 gains 836.45 points

KSE – 100 index after closing four consecutive sessions on a negative note , jumped back today bringing the index back above the 40,000 points level. The positivity in the market was led by OGDC PA +2.1%, Pakistan Petroleum PPL PA +3.5%, MCB Bank MCB PA +3.6%, Habib Bank HBL PA +2.2%, Pakistan Oilfields POL PA +3.9% and Engro Corp ENGRO PA +3.1%

Market performed well on the back of CPI numbers of 3.8% which were above market expectations of 3.77% for the month of October. Despite the upward tick in today's session, market activity during the day was insignificant. Market volume for the intraday trading totaled at 63.50 million shares whereas total value traded amounted to PKR 5.83 billion.

Sector-wise All Share index turnover was led by Commercial banks (17.68 million), Engineering (16.53 million) and Technology & Communication (12.11 million) stocks.

Uptick in the international oil prices and subsequent raise in local prices of petroleum products led to a surge in oil and gas exploration companies stocks. Bank Alfalah (BAFL +1.80%) closed positive barely moving by the impact of entire management’s resignation yesterday.

KSE-100 Index at the day end moved a total of +836.45 points up by 2.11%, closing at 40453.64 points. Index Volume was 63.50 million shares, value of shares traded was PKR 5.83 billion with index high-low range of 40558.97 – 39617.19.

The index movement was limited within the 941.78 points range.

76 companies closed up, whereas 14 were down at the day end.


Gainers of the Day

Symbol

Name

Net Change

MARI

Mari Petroleum Ltd.

71.1

MUREB

Murree Brewery Pakistan Ltd.

28.98

ATLH

Atlas Honda Ltd.

25.44

BATA

Bata Pakistan

25

POL

Pakistan Oilfields Ltd.

23.31

 

Losers of the Day

Symbol

Name

Net Change

COLG

Colgate – Palmolive Limited

-95

PAKT

Pakistan Tobacco

-76.23

ABOT

Abbot Laboratories Pakistan

-9.49

GADT

Gadoon Textile Milld

-2.73

FML

Feroze 1888 Mills

-2.05

 

Volume Leaders

Symbol

Name

Volume

PAEL

Pak Elektron

11,047,800

TRG

TRG Pak Ltd

9,545,500

BOP

B.O. Punjab

5,771,500

SNGP

Sui North Gas Company Ltd

3,657,900

UBL

United Bank Ltd.

2,139,600

ISL

International Steel Ltd

1,940,200

PPL

Pakistan Petroleum Ltd.

1,867,000

EFERT

Engro Fertilizer Ltd.

1,763,000

SSGC

Sui Southern Gas Company Ltd

1,753,000

KEL

K-Electric Ltd

1,667,500

Posted on: 2017-11-01T17:40:00+05:00