Pakistan’s KSE – 100 Index gains 270 points

KSE 100 index – PSX benchmark – was bullish today as it closed gaining after 270 points or 0.63 percent at 43510.39 points. The index was helped by the cement sector scrips which were in headline after Northern manufacturers raised the prices of 50 kilogram cement bags by 10 rupees.

Cement scrips were pick of investors today, as turnover in Cement sector managed to rise by 18.9 percent with total turnover at 39,160,550 shares. Fauji Cement Company FCCL 4.97%, Cherat Cement Company CHCC 5.00%, Kohat Cement KOHC 5.00%, Lucky Cement LUCK 5.00%, Pioneer Cement PIOC 4.99%, Flying Horse Cement FLYNG 4.82% and Gharibwal Cement GWLC 4.24% remained were among the top performers in PSX Cement Sector Index.

Furthermore, according to figures released by the Pakistan Bureau of Statistics during the month of February, 2018 the Consumer Price Inflation clocked in at 3.8 percent. Month on month against January, 2018 CPI decreased by 0.31 percent, WPI decreased by 0.15 percent, while weekly SPI decreased by 1.21 percent.

Cement, Fertilizer, Oil & Gas Marketing and Power Generation and Distribution closed the session at the top after collectively contributing more than 290 points.

Volume traded increased by 38% during the session after total volume clocked in at 79.789 million versus 49.474 million yesterday.

Sector-wise all share index top ten sector turnover was led by Cement (39.160 million), Chemical (37.749 million), and Engineering (18.429 million) with Food & Personal Care (8.266 million) and Fertilizer (7.942 million) stocks trailing at the bottom.

KSE – 100 Index at the day end moved a total of +270.94 points up 0.63 percent, closing in at 43510.39 points with index high – low range of 43634.10 – 43176.04.

KSE – All Share Index Volume was at 211.713 million shares, value of shares traded for all-shares index reached PKR 10.318 billion.

KSE 100 Chart, Mettis Global

The index moved in the range of 458.06 points.

53 companies closed up, whereas 51 were down at the day end.