KSE – 100 index gains 168.80 points

KSE – 100 index today resumed on its bullish run after it closed at 45172.99 gaining 168 points from previous close. The index began the day no a positive note and an upward tick was also observed in movement right at the outset. Index during the middle of the day, however, went down by more than 100 points but managed to stage a recovery before closing.

In bourse news, Fatima Fertilizer declared results at the day break to report an Eps of 1.86 for the period much above the analysts’ expectation. However, the stock tumbled during the day to close at -1.61 percent despite positive results. Furthermore, TRG Pakistan (+4.99 percent) hit its upper lock today after the announcement of its parent company is expected to hold an IPO on March 29^th, 2018.

In other important announcement, the State Bank today announced that it will release the Monetary Policy Statement by Friday, March 30^th 2018.

Volume traded increased by 37.07 percent during the session after total volume clocked in at 142.604 million versus 104.032 million on Friday.

Cement, Fertilizer, Technology & Communication and Tobacco companies closed the session at the top today after collectively adding more than 125.32 points.

Sector-wise all share index top ten sector turnover was led by Technology & communication (29.334 million), Cement (26.113 million), and Chemical (25.261 million) with Transport (9.912 million) and Automobile Assembler (8.740 million) stocks trailing at the bottom.

KSE - 100 Index at the day end moved a total of 168.80 points down 0.38 percent, closing in at 45172.99 points with index high – low range of 45232.77 – 44899.51.

KSE – All Share Index Volume was at 247.886 million shares, the value of shares traded for all-shares index reached PKR 10.527 billion.

KSE 100 Chart, Mettis Global

The index moved in the range of 333.25 points.

59 companies closed up, whereas 31 were down at the day end.