KSE 100 takes a U-turn after DG ISPR Statement

Global Stocks rally on strong jobs data

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.

 

Net Gainers

Symbol

Companies

Net Change

COLG

Colgate Palmolive (Pakistan) Ltd

85.00

GHNI

Ghandhara Industries Limited

26.18

NESTLE

Nestle Pakistan Limited

14.80

SAZEW

Sazgar Engineering Works Limited

14.55

ICI

I.C.I. Pakistan Limited

10.00

 

Net Losers

Symbol

Companies

Net change

RMPL

Rafhan Maize Products Limited

-417.50

SAPL

Sanofi-Aventis Pakistan Limited

-30.69

MARI

Mari Petroleum Company

-27.09

SRVI

Service Industries Limited

-26.50

MTL

Millat Tractors Limited

-24.78

 

Volume Leaders

Symbol

Companies

Volume

FCCL       

Fauji Cement Company Limited

15,239,000.00

EPCL

Engro Polymer and Chemicals Limited

13,195,000.00

DGKC

D.G. Khan Cement Company Limited

10,035,800.00

MLCF

Maple Leaf Cement Factory Limited

58,706,500.00

KEL

K-Electric Limited

6,935,000.00

Posted on: 2018-07-10T18:42:00+05:00

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