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MPS Preview: High for Longer

KSE – 100 Index gains 112.61 points

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KSE – 100 index today gained more than 112 points by the day end as surprisingly positive results and market news helped prop the market upward. SSGC gained + 3.48 percent during the day after Prime Minster announced the resumption of gas supply to K – Electric. Furthermore, the worst affected Amreli Steel (ASTL) +1.76 percent also gained after a deal was struck between KEL and SSGC.

Volume traded at KSE – 100 index increased by 6.6 percent during the session after total volume clocked in at 61.758 million versus 57.762 million yesterday.

Oil & Gas Exploration Companies, Commercial Banks, and Tobacco scrips during today’s session were at the top after collectively adding more than 84.41 points.

Sector-wise all share index top ten sector turnover was led by Chemical (1.257 million), Oil & Gas Exploration (13.431 million), and Food & Personal Care (11.135 million) with Engineering (3.898 million) and Auto Assembler (3.793 million) stocks trailing at the bottom.

KSE – 100 Index at the day end moved a total of 112.61 points down 0.25 percent, closing in at 45371.95 points with index high – low range of 45452.98 – 45191.00.

KSE – All Share Index Volume was at 112.411 million shares, the value of shares traded for all-shares index reached PKR 5.433 billion.

KSE 100 Chart, Mettis Global

The index moved in the range of 261.98 points.

52 companies closed up, whereas 36 were down at the day end.


Gainers of the Day

Symbol

Name

Net Change

PAKT

Pak Tobacco

58.9

COLG

Colgate – Palmolive Pakistan

46.68

KHTC

Khyber Tobacco

39.05

BATA

Bata Pakistan

30

SIEM

Siemens Pakistan

28.32

 

Losers of the Day

Symbol

Name

Net Change

SRVI

Services Industries

-26.71

SAPL

Sanofi – Aventis Pakistan

-19.78

MARI

Mari Petroleum

-19.33

FASM

Faisal Spinning Mills

-15

SHEZ

Shezan International

-15

 

Volume Leaders

Symbol

Name

Volume

UNITY

Unity Foods

11,112,000

SSGC

Sui Southern Gas Company

10,700,500

LOTCHEM

Lotte Chemical

7,605,500

FFL

Fauji Foods

7,544,500

KEL

K-Electric

4,725,000

FCCL

Fauji Cement Company

3,761,000

TRG

TRG Pakistan

3,205,000

DFML

Dewan Farooque Motor

2,890,500

MFL

Matco Foods Limited

2,878,000

DGKC

D.G.K. Cement

2,680,600

 

Posted on: 2018-04-23T17:45:00+05:00