KSE – 100 index gains 176 points

Pakistan’s benchmark KSE – 100 Index today gained a total 176 points to close at 43539.60 after closing in red on Friday last week. The index remained buoyant today as positive results helped index sustain highs initiated at the day open.

Pakistan Suzuki Motor Company (PSMC +19.41 points) today announced financial results for the year ending December 2017.  Company’s turnover crossed the 100 billion mark during the year 2017 when total sales clocked in at Rs. 101 billion up by 33 percent during the year. The Japanese Auto giant reported a net profit for year at 3.825 billion during the period, up by 38 percent from 2016’s Rupees 2.772 billion.

Millat Tractors Limited (MTL +28.99 points) today lent support to the bullish rally after Large Scale Manufacturing numbers revealed a jump of 50.23 percent in Tractor manufacturing during the first seven months of fiscal 2018. During the period from July-January, 2017-18, about 39,033 tractors were manufactured locally as compared the manufacturing of 25,983 tractors of same period of last year, according to the Quantum Index Numbers of Large Scale Manufacturing  (LSM) industries released of Pakistan Bureau of Statistics.

Volume traded decreased by 33.69 percent during the session after total volume clocked in at 35.952 million versus 54.223 million on Friday.

Oil & Gas Exploration Companies, Oil & Gas Marketing Companies, Automobile Assembler and Fertilizer closed the session at the top today after collectively adding away more than 139.14 points.

Sector-wise all share index top ten sector turnover was led by Chemical (34.480 million), Commercial Banks (10.420 million), and Food & Personal Care Products (10.061 million) with Power Generation & Distribution (3.726 million) and Fertilizer (3.311 million) stocks trailing at the bottom.

KSE – 100 Index at the day end moved a total of 176.39 points up 0.41 percent, closing in at 43539.60 points with index high – low range of 43620.81 – 43311.85.

KSE – All Share Index Volume was at 115.728 million shares, the value of shares traded for all-shares index reached PKR 5.245 billion.

KSE 100 Chart, Mettis Global

The index moved in the range of 308.96 points.

53 companies closed up, whereas 38 were down at the day end.