Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

KSE – 100 Index up 300 points at day end

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Market was bullish today despite a good amount of volatility during the day. The index managed to gain more than 300 points as investors carried out some heavy buying right before the day close.

On the economic front, the Economic Coordination Committee approved Prime Minister’s package of incentives for exporters of textile and non-textile.

Volume traded at KSE – 100 index increased by 18 percent during the session after total volume clocked in at 98.834 million versus 83.85949 million yesterday.

Commercial Bank, Oil & Gas Exploration Companies, Pharmaceuticals and Fertilizer companies during today’s session were at the top today after collectively adding more than 142.48 points.

Sector-wise all share index top sector turnover was led by Commercial Banks (37.463 million), Tech & Comm: (15.324 million), and Cable & Electrical Goods (14.180 million).

KSE – 100 Index at the day end moved a total of +300.16 points up by 0.71 percent, closing in at 42846.64 with index high – low range of 42919.72– 42496.37.

KSE – All Share Index Volume was at 142.481 million shares, the value of shares traded for all-shares index reached PKR 7.914 billion.

The index moved in the range of 423.35 points.

54 companies closed up, whereas 33 were down at the day end.

Gainers For the day

Symbol

Companies

Net Change

PMPK

Phillip Morris Pakistan

129.46

COLG

Colgate-Palmolive

60

THALL

Thal Limited

19.16

ICI

ICI Pakistan

16.74

SEARL

Searle Pakistan

15.46

 

Losers for the day

Symbol

Company

Net Change

BATA

Bata Pakistan

-69.99

PKGS

Packages Limited

-11.48

HCAR

Honda Atlas Cars

-3.2

ABL

Allied Bank Limited

-2.88

IBFL

Ibrahim Fibres Limited

-2.55

 

Volume Leaders For The Day

Symbol

Companies

Volume

PAEL

Pak Elektron

13,909,500

PIBTL

Pak Int. Bulk Terminal

11,813,000

TRG

TRG Pakistan

11,663,500

FABL

Faysal Bank Limited

9,756,000

BOP

Bank of Punjab

5,817,000

BAFL

Bank Al-Falah Limited

4,565,500

DGKC

D.G.Khan Cement Company

3,109,200

HBL

Habib Bank Limited

2,840,200

UBL

United Bank Limited

2,589,500

FCCL

Fauji Cement Company Limited

2,502,500

 

Posted on: 2018-05-31T16:58:00+05:00