Pakistan’s KSE – 100 loses 416 points

The Karachi Stock Exchange – 100 today lost 416 points as index followed on the international bearish run that has taken away steam from the global equities. US, Asian, and European stocks all fell during the day as investors and analysts remain confused as to the scale of the correction after the yearlong bullish run in the US Equities.

On the corporate front, Cherat Cement Ltd. and Engro Fertilizer released financial results during the day. Engro Fertilizer could not top previous year’s revenues, company releases revealed a decline in company’s bottom line profits as well much below the industry expectations. Company’s bottom line shrunk by 2.17%, with total profit for the year totaling at Rs. 24.626 million against Rs. 25.177 million during the same period last year.

Cherat Cement today released financial results for the half year and quarter ending December, 31st 2017. The company reported significant increase in sales and bottom line profits. Company’s bottom line profits witnessed a smooth upward jump of 31.64% to reach Rs. 1.349 billion owing much to the 99% reduction in taxation for the period

Sector-wise all share index turnover was led by Cement (35.737 million), Commercial Banks (24.710 million), and Food & Personal Care Products (24.042 million) with Chemical (12.779 million) and Engineering (11.913 million) stocks trailing at the bottom.

KSE – 100 Index at the day end moved a total of -416.62 points down by -0.94%, closing in at 43679.87 points with index high-low range of 44151.54 – 43629.82.

KSE – All Share Index Volume was at 245.846 million shares, value of shares traded for all-shares index reached PKR 9.473 billion.

KSE 100 Chart, Mettis Global

The index movement was limited within the 521.72 points range.

20 companies closed up, whereas 67 were down at the day end.


Gainers of the Day

Symbol

Name

Net Change

MUREB

Murree Brewery

48.00

ILTM

Island Textile Mills

47.50

GHNI

Ghandhara Industries

34.70

UBDL

United Brand Ltd.

27.72

SHEZ

Shezan International

23.99

 

Losers of the Day

Symbol

Name

Net Change

INDU

Indus Motor Company

-32.97

JLICL

Jubilee Life Insurance Company

-19.06

ATLH

Atlas Honda

-15.00

THALL

Thall Industries

-13.87

MARI

Mari Petroleum

-13.27

 

Volume Leaders

Symbol

Name

Volume

BOP

Bank of Punjab

16,594,000

FFL

Fauji Fertilizer Ltd.

16,151,000

UNITY

Unity Foods

14,118,000

TRG

TRG Pakistan

13,298,500

ANL

Azgard Nine Ltd.

13,281,000

SSGC

Sui Southern Gas Company

11,966,500

POWER

Power Cement

11,603,500

DCL

Dewan Cement

11,585,000

PACE

Pace Pakistan

10,675,000

EFERT

Engro Fertilizer Ltd.

9,507,000

Posted on: 2018-02-08T16:58:00+05:00