KSE – 100 index gains 718.86 points

The Karachi Stock Exchange – 100 index closed 718 points up extending previous week’s gains. The Index continues bullish run as investors take advantage of the attractive valuations. The index movement was limited in the range of 829 points.

The market was extremely strong from the beginning of the session, with Cements, Fertilizer and Commercial Banks lending the most support. Banking scrips have been the pick of investors as analysts earlier informed of increasing possibility of interest rate raise during the upcoming Monetary Policy Announcements.

Sector-wise all share index turnover was led by Cement (47.878 million), Textile Spinning (26.791 million), and Technology & Communication (26.114 million) with Oil & Gas Marketing Cos. (16.863 million) and Power Generation & Distribution (15.006 million) stocks trailing at the bottom.

KSE – 100 Index at the day end moved a total of +718.86 points up by +1.63%, closing in at 44897.69 points with index high-low range of 44951.21 – 44121.97.

KSE – All Share Index Volume was at 293.996 million shares, value of shares traded for all-shares index reached PKR 13.237 billion.

KSE – 100 Index Chart – Mettis Global

The index movement was limited within the 829.24 points range.

79 companies closed up, whereas 13 were down at the day end.


Gainers of the Day

Symbol

Name

Net Change

UPFL

Unilever Pakistan

301.00

SAPL

Sanofi – Aventis

77.67

BATA

Bata Pakistan

73.99

INDU

Indus Motor Co.

68.83

SRVI

Service Ind

43.78

 

Losers of the Day

Symbol

Name

Net Change

UBDL

United Brands Ltd.

-28.00

MUREB

Murree Brewery Pakistan

-20.84

SCL

Shield Corp

-20.69

WYETH

Wyeth Pakistan

-18.57

JDWS

JDW Sugar Mills

-17.75

 

Volume Leaders

Symbol

Name

Volume

AMTEX

Amtex Pakistan

19,699,500

POWER

Power Cement

15,992,500

TRG

TRG Pakistan

15,352,000

PAEL

Pak Elektron

15,078,000

ANL

Azgard Nine

12,864,000

SSGC

Sui Southern Gas Company

11,863,500

DCL

Dewan Cement Ltd.

11,728,500

FCCL

Fauji Cement Company

10,516,500

LOTCHEM

Lotte Chemical 

9,463,000

BOP

Bank of Punjab

9,429,500

Posted on: 2018-01-22T17:59:00+05:00