KSE – 100 index gains 316.63 points

Index was on a rally today as it managed to gain more than 316 points to close at 45489.62 points, crossing the 45500 level right before day end. The index was flushed with company news throughout the day as Engro Corp announced to invest 3.34 billion in Engro Polymer & Chemicals hit the upper lock at EPCL +5.00 percent and K Electric also hit its upper lock at day end after Privatization Commission approved the sale of K-Electric from Abraaj Group to Shanghai Electric.

In additional news, TRG hit the lower lock after it announced that its indirect subsidiary IBEX has postponed the initial public offering on NASDAQ amidst the heightened volatility is US stocks resulting from tech sell-off.

Volume traded increased by 14.23 percent during the session after total volume clocked in at 162.897 million versus 142.604 million on Friday.

Cement, Fertilizer, Oil & Gas Exploration Companies and Power Generation and Distribution companies closed the session at the top today after collectively adding more than 111.98 points.

Sector-wise all share index top ten sector turnover was led by Chemical (52.902 million), Power Generation & Distribution (52.193 million), and Technology & communication (45.844 million) with Vanaspati & Allied Industries (7.379 million) and Cable & Electrical Goods (7.205 million) stocks trailing at the bottom.

KSE – 100 Index at the day end moved a total of 316.63 points up by 0.70 percent, closing in at 45489.62 points with index high – low range of 45506.11 – 45155.51.

KSE – All Share Index Volume was at 296.387 million shares, the value of shares traded for all-shares index reached PKR 11.928 billion.

KSE 100 Chart, Mettis Global

The index moved in the range of 350.60 points.

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


Gainers of the Day

Symbol

Name

Net Change

NESTLE

Nestle Pakistan

300

PMPK

Phillip Morris Pakistan

137.37

PAKT

Pak Tobacco

96.57

BATA

Bata Pakistan

52.95

RMPL

Rafhan Maize Pakistan

42

 

Losers of the Day

Symbol

Name

Net Change

POML

Pakistan Oil Mills Limited

-11.97

INDU

Indus Motor Company

-10.59

SHFA

Shifa International

-6.82

JDWS

J.D.W. Sugar Mills

-5

EFUG

EFU General Insurance

-2.6

 

Volume Leaders

Symbol

Name

Volume

KEL

K-Electric

44,259,000

TRG

TRG Pakistan

41,693,500

FCCL

Fauji Cement Company Limited

7,222,000

PAEL

Pak Elektron

4,200,000

NBP

National Bank of Pakistan

3,845,500

FFBL

Fauji Fertilizer bin Qasim

3,460,500

EFERT

Engro Fertilizer

3,459,500

BOP

Bank of Punjab

3,178,500

FFC

Fauji Fertilizer Company

3,034,500

DGKC

D.G. Khan Cement Company

2,988,200

Posted on: 2018-03-29T18:04:00+05:00