Daily Stock Report: Index On the Upswing with 373 Pts Gain

The Pakistan Stock Exchange continued the bullish run on Thursday and added more than 422 points to cross to the important level of 42,600.

By the end of the day KSE-100 index made a gain of +373.45 points or +0.88% to close at 42683.57 points. The market has started to make recovery after bullish divergence confirmed on the 14th day.

The intraday high for today was 422 points and touched intraday low of 139 points. The index tested the day’s high at 4732.51 points. The day’s low came towards 42171.26 at the market close.

Yesterday’s closing boosted the investor’s confidence for today as well. It was another good day in the market showed as good participation was seen today. The All share index surged up to 217 million shares with a worth of 9.61 billion after a long time.  Technology and Communication was the most trading sector today.

Overall, stocks of 358 companies were traded on the exchange, of which 210 gained in value, 122 declined and 26 remained unchanged. In KSE 100, 80 million shares were traded with a net worth of Rs 7.7 billion.

Orix Leasing Pak Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Income for the period increased by 2.4% percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 10.69% percent.

The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 30% i.e. Rs 3/- per share. The board issued no bonus or right share.

Kohinoor Textile Mills announced Revenue for the period increased by 8.18 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 10.30 percent.

The board has recommended an interim Cash Dividend for the year ended June 30, 2017 at the rate of 15% i.e. Rs 1.50/- per share. This is in addition to the interim dividend already paid at Rs. 2/- per share i.e. 20%. The board issued no bonus or right shares.

Top traded sectors:

World Call Telecom was the volume leader with 47.96 million shares, gaining Rs 0.66 to close at Rs 3.48. It was followed by Azgard Nine with 22.94 million shares, gaining Rs 0.29 to close at Rs 13.68, Aisha Steel Mill with 12.78 million shares, gaining Rs 0.41 to close at Rs 19.66 and Bank Alfalah Ltd with 12.01 million shares, gaining Rs 0.41 to close at Rs 42.19.

Top Advancers of the market were:

Top Decliners of the market were:


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