Investor interest resumed in the market as political uncertainties subsided following DG ISPR’s assurances regarding fulfilling their election duties in a non-political and impartial manner. KSE 100 index ended the day in the positive, gaining 164 points by the end of the day, an increase of about 0.42% over the last closing.
KSE 100 Index has been facing a rough time over the last couple trading sessions as two political parties face severe challenges in the upcoming elections, troubling investors as to whether the elections would take place in a timely manner.
The index went as low as 38,561 points during the day, breaching the 38,000 level for the first time since December 2017 but recovered following assurances from DG ISPR, bouncing back rapidly to close in at 39,452 points after having traveled in a range of 1008 points through the day.
Volume traded in the 100 Index also increased significantly during the day, clocking in at 116.5 million shares compared to 75.5 million shares the day before.
Sector-wise top performers included Commercial Banks, Oil and Gas Exploration Companies, and Oil and Gas Marketing Companies, as the three collectively contributed 224 points to the index. Sector-wise net losers included Automobile assemblers, Fertilizer and Automobile Parts and Accessories that collectively took away 63 points from the index.
Within the 100 Index, 47 companies ended the session in the green whereas a total of 45 companies were negative at day end.
KSE – All Share Index closed in at 28,946 points, up by 0.19 percent. It moved in the range of 673 points.
KSE All Share Index’s sector turnover was led by Cement (39.2 million) followed by Chemical (22.5 million), and Commercial Banks (19.6 million).
The All-Share Index Volume was recorded at 167 million shares, while the value of shares traded reached PKR 8 billion
In KSE – All Share index, 135 companies closed in the green whereas 162 companies were down at the day end.
Colgate Palmolive (Pakistan) Ltd
Ghandhara Industries Limited
Nestle Pakistan Limited
Sazgar Engineering Works Limited
I.C.I. Pakistan Limited
Rafhan Maize Products Limited
Sanofi-Aventis Pakistan Limited
Mari Petroleum Company
Service Industries Limited
Millat Tractors Limited
Fauji Cement Company Limited
Engro Polymer and Chemicals Limited
D.G. Khan Cement Company Limited
Maple Leaf Cement Factory Limited