Pakistan Stock Markets continued to advance

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

Market opened on a positive note and added a total of 377pts during the session. OMCs, Refinery, Chemical, Cement, Steel and Pharma sectors performed well, whereas E&P went down on the back of declining international crude oil prices. On the other hand, Fertilizer sector performed again due to expectation of deferral of GIDC collection by the Government. Cement sector realized total volume of 120.1M shares, followed by Banks (74.8M) and Technology (65.7M). Among scrips, POWER topped the volumes with 72.4M shares, followed by PIBTL (57.3M) and HASCOL (45.9M).

· The Index closed at 42,293pts as against 42,023pts showing an increase of 272pts (+0.6% DoD). Sectors contributing to the performance include Cement (+58pts), Fertilizer (55pts), Technology (+36pts), E&P (+29pts), Power (+22pts) and E&P (-47pts).

· Volumes declined from 758.2mn shares as against 748.7mn shares (-1% DoD). Average traded value also declined by 4% to reach US$ 142.8mn as against US$ 149.2mn.

· Stocks that contributed significantly to the volumes include POWER, PIBTL, HASCOL, JSBL and FFL, which formed 32% of total volumes.

· Stocks that contributed positively to the index include LUCK (+41pts), SYS (+33pts), FFC (+28pts), HUBC (+23pts) and HASCOL (+22pts). Stocks that contributed negatively include POL (-21pts), HBL (-13pts), PPL (-10pts), OGDC (-8pts) and MARI (-8pts).

Sharing is caring

Leave a Reply