KSE – 100 loses 527 points

KSE – 100 lost more than 500 points during the day after rumors of removal of Finance Minister surfaced in the financial sectors. The situation was further worsened by the sit-in at the Federal capital of the country, Islamabad.

Dost Steel closed flat despite announcing it plans to start operation on its plant from mid-December. Furthermore, SAZEW shares closed on the upper lock after it announced it had entered with a Chinese Automobile company to setup a plant for producing four by four vehicles in the country.

Amreli Steel also closed flat as it announced that it is entering in an agreement with a Chinese company to setup a Transmission Line company in Pakistan. The scrip couldn’t benefit from the announcement as index’s tone throughout the day remained bearish.

Sector-wise all share index turnover was led by Technology & Communication (20 million), Engineering (12.73 million), and Textile Composite (8.60 million) stocks, and with Chemical (3.02 million) and Cement (2.78 million) stocks trailing at the bottom.

KSE-100 Index at the day end moved a total of -527.43 points down by 1.29%, closing in at 40316.93 points. Index Volume was at 44.34 million shares, value of shares traded was PKR 1.984 billion with index high-low range of 40910.17 – 40637.15.

The index movement was limited within the 663.04 points range.

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


Gainers of the Day

Symbol

Name

Net Change

PMPK

Phillip Morris Pak

143.92

PAKT

Pak Tobacco

68.83

CPPL

Cherat Packaging Ltd.

5.58

THALL

Thall Pakistan

2.50

FML

Feroze 1888 Mills Ltd.

0.81

 

Losers of the Day

Symbol

Name

Net Change

NESTLE

Nestle Pakistan

-600.00

BATA

Bata Pakistan

-99.99

MARI

Mari Petroleum

-44.10

NRL

National Refinery Ltd.

-28.04

MUREB

Murree Brewery Ltd.

-27.10

 

Volume Leaders

Symbol

Name

Volume

TRG

TRG Pakistan

13,031,500.00

SSGC

Sui Southern Gas Co. Ltd.

4,503,500.00

PAEL

Pak Elektron

3,465,000.00

KEL

K-Electric+

3,006,500.00

NCL

Nishat (Chunian) Ltd.

1,834,500.00

BOP

Bank of Punjab

1,552,000.00

ATRL

Attock Refinery

1,312,800.00

ASTL

Amreli Steel

1,177,000.00

OGDC

Oil & Gas Development Co.

1,130,800.00

SNGP

Sui Northern Gas Pipelines Ltd.

1,089,500.00

 

Posted on: 2017-11-20T18:04:00+05:00