Pakistan’s equities closed the day in red today after losing more than 53 points at day end when the index closed the session at 45488.86 points. The index did not witness the anticipated rally post the budget despite a horde of incentives in the budget for capital markets. Measures such phasing out of Super Tax, Corporate Tax and reduction in income tax, on bonus shares among others.
Cement scrips were relatively buoyant during the day after news of cement price raises were anticipated after the tax increase on budget prices on cement.
Volume traded at KSE – 100 index increased by 58.48 percent during the session after total volume clocked in at 155.844 million versus 98.335 million yesterday.
Commercial Banks, Fertilizer, and Automobile Assembler scrips during today’s session were at the bottom today after collectively taking away more than 111.43 points.
Sector-wise all share index top ten sector turnover was led by Commercial Banks (96.60 million), Chemical (34.296 million), and Cement (10.678 million) with Food & Personal Care (8.085 million) and Oil & Gas Marketing Companies (7.793 million) stocks trailing at the bottom.
KSE – 100 Index at the day end moved a total of 53.92 points down 0.12 percent, closing in at 45488.86 points with index high – low range of 45842.06 – 45424.87.
KSE – All Share Index Volume was at 248.339 million shares, the value of shares traded for all-shares index reached PKR 8.595 billion.
KSE 100 Chart, Mettis Global
The index moved in the range of 417.19 points.
40 companies closed up, whereas 50 were down at the day end.
Gainers of the Day
Pakistan Tobacco Company
Punjab Oil Mills Limited
Losers of the Day
Indus Motors Limited
National Foods Limited
Pakistan Int. Container Terminal
Bank of Punjab
Sui Southern Gas Company
Fauji Fertilizer Company
Sui Northern Gas Pipelines Limited
Fauji Cement Company Limited
Askari Bank Limited
D.G. Khan Cement Company