Pakistan Stock Exchange falls 489.27 points

The index went through another politically hijacked session, the political uncertainty and the ensuing controversies have brought the index down to its knees. The market recovered from an intraday low of -813 points to close at (-489) 406111 points.

KEL turned out to be the major volume driver at the day end, as NEPRA announced its decision to decrease the tariff for the coming years. The decision has been hailed by the KEL management to be contrary to the company’s ability to operate at any profits.

Fertilizer, Cement and Oil & Gas Marketing Cos. Were the worst performing sectors of the day. DAWH -4.79%, EFERT -2.57%, FFBL -2.14% and ENGRO -1.39% took away major points from the index. Cement sector continues to post abysmal stock market trajectory, APCL -2.42%, BWCL -2.14%, DGKC -2.36%, KOHC -3.22% and PIOC -3.43% were the worst performing stocks among the sector.

Following cement closely were Oil & Gas marketing companies suffered major losses with a steep dip in the oil prices in international market. Oil fell below the $50 level as it  plunged after reports revealed a slipping commitment to output curbs by Saudi and Co.

KSE-100 Index at the day end lost a total of -489.27 points down by 1.19%, closing at 40610.72 points. Index Volume was 121.79 million shares, value of shares traded was PKR 5.477 billion with index low-high range of 40287.26 – 41112.27.

16 companies closed up, whereas 76 were down at the day end.

 

5 – Gainers of the Day

Symbol

Name

Net Change

INDU

Indus Motor Co. Ltd.

10.48

PICT

Pak Int: Container Terminal

9.99

NRL

National Refinery Ltd.

7.11

POL

Punjab Oil Fields Ltd.

3.77

IBFL

Ibrahim Fibres Ltd.

2.95

 

5 – Losers of the Day

Symbol

Name

Net Change

NESTLE

Nestle Pakistan Ltd.

-101

PSEL

Pakistan Services Ltd.

-44.99

MUREB

Murree Brewery Pak Ltd.

-35.28

ICI

ICI Pakistan Ltd.

-16.04

SEARL

Searle Pakistan Ltd.

-15.94

 

 

Volume Leaders

Symbol

Name

Volume

KEL

K-Electric Ltd.

76,705,500

TRG

TRG Pakistan Ltd.

7,674,500

BOP

Bank of Punjab

3,216,500

PAEL

Pak Elektron Ltd.

3,121,100

SNGP

Sui Northern Gas Pipeline Ltd.

2,741,900

ATRL

Attock Refinery Ltd.

2,605,900

ISL

International Steels Ltd.

2,485,500

SSGC

Sui Southern Gas Co. Ltd.

1,748,000

FCCL

Fauji Cement Co. Ltd.

1,606,000

PIBTL

Pakistan Int: Bulk Terminal Ltd.

1,463,000

 

Posted on: 2017-10-10T18:46:00+05:00