Pakistan Stock Exchange loses 376 points

Index succumbed to pressure yet again today as political noise became too loud for investors. Markets at the end closed at 42290 points losing as many as 376.08 points. Today’s session marks fifth consecutive session closing in red, losing more than 1000 points during the last week. Index is currently trading at 2016 November’s lows.

There seems very little chance of market picking up any time soon as political headlines have at the fundamentals of the financial system’s performance in the current year. The political pressure is not anticipated to go away anytime soon, judgement on Ex-PM Nawaz Sharif’s indictment hearing is to take place on 2nd of October, 2017. With that in sight, the market will continue to be uncertain and directionless as investors will have sticky fingers from the judgement after last few verdicts given out by courts.

Latching on to positive price movement in the international markets, Fertilizer stocks [FFC (+2.40%), FFBL (+1.49%), EFERT (+1.12%) and FATIMA (+1.20%)] reported positive gains at day end after closing on bearish note in last session. MUREB (+5%), PTC (+1.51%), NCPL (+0.35%) and HCAR (+0.42%) were some other companies who rode against the wind in today’s session.

KSE-100 Index participation declined to 67.98 million shares down from 93.91 million shares yesterday (last session).

Indices

Symbol

Close

Change

High

Low

Total Volume

Time

KSE100

42,290.15

-376.08

42,666.23

42,101.68

67,989,620

17:25:51

ALLSHR

30,211

-257.22

30,468.22

30,072.89

146,791,910

17:25:51

KMI30

71,279.37

-877.95

72,157.32

70,929.19

31,732,730

17:25:51

KSE-100 Index at the day end lost a total of 376.08 points down by 0.88%, closing at 42290.15 points. Index Volume was 67.98 million shares, value of shares traded was PKR 4.15 billion with index low-high range of 42101.68 – 42666.23.

99 companies closed up, whereas 241 were down at the day end.

5 – Gainers of the Day

Symbol

Name

Change

UPFL

Unilever Pakistan Foods Ltd.

50

MUREB

Muree Brewery Pak

36.35

SHEZ

Shezan International

20.27

MFFL

Mitchell’s Fruit Farms Ltd.

12.75

WAHN

Wah Noble Chemicals Ltd.

9.62

 

5 – Losers of the Day

Symbol

Name

Change

RMPL

Rafhan Maize Products Ltd.

-294

WYETH

Wyeth Pakistan

-78.15

SAPL

Sanofi Aventis Pak Ltd.

-49.99

INDU

Indus Motors Ltd.

-29.15

NRL

National Refinery Ltd.

-25.53

 

Volume Leaders

Symbol

Name

Volume

KEL

K-Electric Ltd.

13,667,000

WTL

Worldcall Telecom Ltd.

13,138,500

BOP

Bank of Punjab

11,791,000

TRG

TRG Pakistan

10,932,000

KOSM

Kohinoor Spinning Mills Ltd.

7,854,500

SILK

Silk Bank

5,340,000

CWSM

Chakwal Spinning Mills Ltd.

4,730,000

EFERT

Engro Fertilizer Ltd.

3,805,500

ASL

Aisha Steel Ltd.

3,512,500

SNGP

Sui Northern Gas Pipelines Ltd.

3,509,600

 

Posted on: 2017-09-27T18:29:00+05:00