KSE – 100 rises 545.13 points

KSE – 100 witnessed a positive session after a lackluster Thursday, index gained more than 550 points during the day on the back of banking and oil stocks. Activity in oil stocks has picked up significantly in the last few sessions as oil prices in the international continue to make a comeback amid talks of OPEC led oil-supply cut extensions.

Commercial Banks, Oil & Gas Exploration Companies and Fertilizer stocks helped the index prop up during today’s session. BAHL +3.36%, MCB +2.71%, POL +2.17% and KAPCO

Sector-wise all share index turnover was led by Technology & Communication (25.62 million), Engineering (11.64 million), and Cable & Electricity Goods (10.64 million).

Oil prices continue to make headways as supply side continues to crunch.

OPEC led cuts are currently being unofficially reported to extend beyond March, 2018 as Saudi led cartel (OPEC) eyes to bolster oil prices in the international markets.

KSE-100 Index at the day end moved a total of +565.13 points up by 1.4%, closing at 41064 points. Index Volume was 60.90 million shares, value of shares traded was PKR 5.97 billion with index high-low range of 41115.5 – 40453.03.

The index movement was limited within the 662.47 points range.

69 companies closed up, whereas 16 were down at the day end.


Gainers of the Day

Symbol

Name

Net Change

BATA

Bata Pakistan

42.62

MTL

Millat Tractors Ltd.

32.75

INDU

Indus Motor Co. Ltd.

19.41

SERV

Service Industries Ltd.

19.41

 

Losers of the Day

Symbol

Name

Net Change

KHTC

Khyber Tobacco Co. Ltd.

-73.30

WYETH

Wyeth Pakistan Ltd.

-53.51

UPFL

Unilever Foods

-36.50

MARI

Mari Petroleum Ltd.

-7.43

 

 

Volume Leaders

Symbol

Name

Volume

WTL

WorldCall Telecom

14,545,500

PAEL

Pak Elektron

10,135,500

TRG

TRG Pak Ltd

7,347,500

ANL

Azgard Nine Ltd.

4,678,500

ISL

International Steels Ltd.

4,622,400

SNGP

Sui North Gas Company Ltd

3,979,600

EPCL

Engro Polymer Co. Ltd

3,822,500

DSL

Dost Steels Ltd.

3,621,500

KEL

K-Electric Ltd

3,522,000

BYCO

Byco Pakistan Ltd.

3,030,000

Posted on: 2017-11-03T17:55:00+05:00