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 |