Pakistan stock markets closed in green

  • Post author:
  • Post category:Uncategorized
  • Reading time:2 mins read

· Market opened on a positive note today, despite several negative closings in the past sessions. After an initial buying span that contributed 277pts to the index, selling pressure resumed that eroded earlier gains and posted a total loss of 504pts. During the session, the index moved in and out of green zone. Although, international oil prices saw a rebound of approx. 5%, local E&P stocks failed to reflect the same during the session. Cement sector saw active buying activity till the end of session that brought the index positive by adding +55pts (unadjusted). Among scrips, HASCOL topped the volumes with 78M shares, followed by UNITY (36.8M) and TRG (29.4M).

· The Index closed at 39,127pts as against 39,072pts showing an increase of 55pts (+0.1% DoD). Sectors contributing to the performance include Cement (+15pts), Insurance (+11pts), O&GMCs (+11pts), Fertilizer (+8pts), E&P (-19pts), Banks (-7pts).

· Volumes declined slightly from 409.9mn shares to 406.0mn shares (-1% DoD). Average traded value also declined by 2% to reach US$ 75.3mn as against US$ 76.7mn.

· Stocks that contributed significantly to the volumes include HASCOL, UNITY, TRG, PRL and FFL, which formed 43% of total volumes.

· Stocks that contributed positively to the index include BAFL (+12pts), SEARL (+12pts), ENGRO (+9pts), NBP (+8pts) and EPCL (+7pts). Stocks that contributed negatively include BAHL (-12pts), OGDC (-11pts), TRG (-7pts), DAWH (-6pts) and HBL (-6pts).

Arif Habib Ltd.

Sharing is caring

Leave a Reply