Pakistan Stock Exchange saw a volatile session today with very good volumes. At the end, the benchmark KSE 100-index gained at +43.04 points or +0.11% to close at 40591.87 points today. A range bound session was witnessed today.
The benchmark index made intraday high of +191 points during the first hour of today. Whereas the market went down to the intraday low of -83 points.
Ousted prime minister Nawaz Sharif, his daughter Maryam Nawaz and son-in-law retired captain Muhammad Safdar appeared before an accountability court in Islamabad on Wednesday as trial resumed into the corruption references filed against them by the National Accountability Bureau (NAB).
Whereas the Oil sector helped the market to show some gain today. Index heavy oil stocks charged ahead in early trade over the rise in the International Crude Oil Prices. Later on profit taking was seen in the Oil sector during the end of the day
Power and Generation was the most traded sector today in which K-Electric was the alone volume leader with 77.15 million share
Major contributors of the market were KEL with 30.68 points, DAWH with 28.42 points, PAKT 19.40 points, INIL 13.37 points and OGDC 11.95 points.
Major dent came from ENGRO, HUBC, HBL, MCB and HCAR.
Hino Pak Motors announced the financial results for the half year today. The sales for the half year ended September, 2017 increased by 6.32%, amounting to a total of 12.41 billion. Company’s Gross Profit for the period increased 24% clocking in at 1.57 billion. Company’s other expenses increased by a whopping 110.12% during the reported period clocking in at 88.7 million
The Profit from Operations reached 1.2 billion compared to 6M ’16 profit of 995 million rupees: an increase of 20.66% The company’s earnings per share reached to 62.58 rupees per share vs. 29.53 in 2016
All shares index had a traded volume of just 156.98 million shares today. Overall, stocks of 345 companies were traded on the exchange, of which 172 gained in value, 155 declined and 18 remained unchanged. In KSE 100, 117.57 million shares were traded with a net worth of just Rs 4.61 billion.
Top traded sectors:
K-Electric Ltd was the volume 77.15 million shares, gaining Rs 0.54 to close at Rs5.88. It was followed by World Call Telecom with 8.31 million shares, gaining Rs0.14 to close at Rs3.04, TRG Pak Ltd with 6.90 million shares, gaining Rs 0.54 to close at Rs36.43 and Sui South Gas with 5.44 million shares gaining Rs1.03 to close at Rs36.21
Top Advancers of the market were:
Top Decliners of the market were: