Pakistan equities closed the opening day of the week in red. The turnover was depressingly low, reaching USD 24 million in All Shares Index; a 29 month low level. Lack of triggers, weakening macro-economic outlook and uncertainty over the coming elections has sent the stock market in to a downward spiral.
PPL -1.2%, ENGRO -1.3% and HBL -0.7% were some of the major scrips that dragged the index down at close. Furthermore, Lucky Cement despite announcing a completion of Greenfield Expansion project closed –2% after reported sale from Foreign Owners.
Sector-wise all share index turnover was led by Technology & Communication (7.44 million), Commercial Banks (4.94 million), Cement (4.42 million) and with Engineering (2.284 million) and Cable & Electrical Goods (2.213 million) stocks trailing at the bottom.
KSE-100 Index at the day end moved a total of -261.93 points down by -0.68%, closing in at 38383.97 points with index high-low range of 38703.15 – 38337.37.
KSE – All Share Index Volume was at 50.045 million shares, value of shares traded for all-shares index reached PKR 2.670 billion.
The index movement was limited within the 365.78 points range.
25 companies closed up, whereas 58 were down at the day end.
Gainers of the Day |
||
---|---|---|
Symbol |
Name |
Net Change |
COLG |
Colgate – Palmolive Pakistan |
109 |
MUREB |
Sapphire Fiber |
9.9 |
THALL |
Abbot Labs |
4.92 |
ACPL |
Bhanero Textiles |
4.36 |
EFUG |
Murree Brewery |
4.33 |
Losers of the Day |
||
---|---|---|
Symbol |
Name |
Net Change |
PICT |
Nestle Pakistan |
-15 |
MTL |
Jubilee Life Insurance |
-14.51 |
MARI |
Service Industries Ltd. |
-12.21 |
APL |
Sanofi-Aventis Pakistan |
-9.96 |
NRL |
Lucky Cement |
-9.23 |
Volume Leaders |
||
---|---|---|
Symbol |
Name |
Volume |
TRG |
TRG Pak |
4,358,500 |
DCR |
Pak Elektron |
1,920,000 |
KEL |
Engro Corp |
1,843,000 |
PAEL |
K-Electric |
1,780,600 |
NBP |
Jahangir Siddiqui Bank Ltd. |
1,709,000 |
SNGP |
Habib Bank Ltd. |
1,152,700 |
ENGRO |
Sui Northern Gas Co. |
1,028,700 |
DGKC |
Dewan Cement |
902,200 |
JSCL |
Aisha Steel Ltd. |
892,000 |
ISL |
Bank of Punjab |
856,900 |