Pakistan Equities today extended gains yet again as it managed to rise above the 46000 points level. The market behavior was relatively finicky in the first hour of the day. However, managed to recover from the losses in gains from pickups in Oils, Fertilizers and Auto stocks.
In corporate news, the Fauji Fertilizer Company (FFC) managed to close up at 3.6 percent after it announced an investment worth $121 million in equity and sponsor support commitments in Thar Energy Limited.
Volume traded increased by 5.89 percent during the session after total volume clocked in at 135.636 million versus 128.089 million on Friday.
Fertilizer, Oil & Gas Exploration Companies, and Automobile Assembler closed the session at the top today after collectively adding more than 190.09 points.
Sector-wise all share index top ten sector turnover was led by Chemical (58.137 million), Cement (32.232 million), and Power Generation & Distribution (30.017 million) with Glass & Ceramics (7.109 million) and Paper & Board (6.164 million) stocks trailing at the bottom.
KSE – 100 Index at the day end moved a total of 271.91 points up 0.59 percent, closing in at 46013.34 points with index high – low range of 46057.53 – 45692.02.
KSE – All Share Index Volume was at 262.353 million shares, the value of shares traded for all-shares index reached PKR 12.172 billion.
KSE 100 Chart, Mettis Global
The index moved in the range of 365.51 points.
47 companies closed up, whereas 42 were down at the day end.
Gainers of the Day
Millat Tractors Limited
Pakistan Oil Mills Limited
Losers of the Day
Colgate – Palmolive Pakistan
Jubilee Life Insurance Limited
Indus Motor Company
Fauji Cement Company
Bank AlFalah Limited
Faysal Bank Limited
International Steel Limited
Fauji Fertilizer Company
Maple Leaf Cement Company
Fauji Fertilizer bin Qasim Limited
Sui Southern Gas Company Limited