Pakistan Stock Exchange falls 0.97%

The index closed below the 40000 level after witnessing a significant downfall throughout the day. The index at the worst fell below the 39500 points as the pressure continues to mount on the economy. Political pressures and weak fundamentals have left investors yearning for any positive sentiment from the market.

In the international markets, the oil price rebounded after significant draws in the Crude inventories. U.S. West Texas Intermediate (WTI) crude was at $50.94 per barrel at 0500 GMT, up 34 cents, or 0.7 percent, from their last settlement and Brent was at $56.59, up 34 cents, or 0.6 percent.

According to latest PBS Data Weekly Sensitive Price Indicator down by 0.72% from last week (05-10-17). Whereas, year-on-year change was +1.96% during the year.

KSE-100 Index at the day end lost a total of -390.75 points down by 0.97%, closing at 39846.78 points. Index Volume was 78.93 million shares, value of shares traded was PKR 5.78 billion with index low-high range of 39478.05 – 40237.53.

KSE-100 Index at the day end lost a total of -390.75 points down by 0.97%, closing at 39846.78 points. Index Volume was 78.93 million shares, value of shares traded was PKR 5.78 billion with index low-high range of 39478.05 – 40237.53.

16 companies closed up, whereas 72 were down at the day end.

Gainers of the Day

Symbol

Name

Net Change

KHTC

Khyber Tobacco Co.

53.48

POL

PakOilfield Ltd.

17.66

MEHT

Mehmood Textile

15.9

OTSU

Otsuka Pakistan

11.01

 

Losers of the Day

Symbol

Name

Net Change

NESTLE

Nestle Pakistan

-372.2

SAFL

Sanofi-Aventis Pakistan Ltd.

-77.47

COLG

Colgate – Palmolive Ltd.

-46.12

INDU

Indus Motor Co.

-42.51

 

 

Volume Leaders

Symbol

Name

Volume

KEL

K-Electric Ltd.

13,362,000

MLCF

Maple Leaf Cement Factory Ltd.

8,116,600

TRG

The Resource Group

7,947,000

BOP

Bank of Punjab

7,595,000

FCCL

Fauji Cement Co. Ltd.

6,061,000

PAEL

Pak Elektron Ltd.

5,089,300

SNGP

Sui Northern Gas Pipeline Ltd.

2,870,300

DGKC

D.G. Khan Cement Co. Ltd.

2,570,300

SSGC

Sui Southern Gas Co. Ltd.

2,089,000

NCL

Nishat Chunian Ltd.

1,822,000

Posted on: 2017-10-13T18:09:00+05:00