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
Phillip Morris Pakistan
Rafhan Maize Pakistan
Losers of the Day
Pakistan Oil Mills Limited
Indus Motor Company
J.D.W. Sugar Mills
EFU General Insurance
Fauji Cement Company Limited
National Bank of Pakistan
Fauji Fertilizer bin Qasim
Bank of Punjab
Fauji Fertilizer Company
D.G. Khan Cement Company