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HomeEquityClosing Bell: KSE-100 index inches upward; gains 0.88%

Closing Bell: KSE-100 index inches upward; gains 0.88%

PSX Index began the day on a negative trend continuing yesterday’s fall, however went on to gain more than 370 points in the second session post Namaz break.

Markets have been down for the last few weeks as politics, international relations and fundamentals of the local economy continue to take their toll on the economy.

The markets were mixed today as they fell in the first session whereas picked up a positive momentum in the second half.

In today’s corporate alerts; Unilever Pakistan, Sanofi-Aventis Pakistan, Summit Bank Ltd., Phillip Morris Pakistan, Avanceon Ltd., Askari General Insurance, Highnoon Laboratories, Agritech Ltd., MCB Bank Ltd., Habib Insurance Co. Ltd., Century Insurance Co., and Dawood Lawrencepur & Zil Limited announced financial results for the quarter, half year and year ended June 2017.

MCB Bank Ltd. witnessed a 60 percent increase in Total net mark-up/interest income and profits for the period increased by 28 percent.

Unilever Pakistan Foods also announced results for the period ending June, 2017. The company’s Sales for the period increased by 14 percent whereas Profit for the period increased by 35 percent in the period.

Also, in other news Bank ALfalah GHP announced that due to disagreement over acquisition of voting shares, ICI Pakistan has withdrawn the offer to acquire voting shares of Linde Pakistan

KSE-100 Index at the day end gained a total of 373.13 points, closing at 42641.75 points. Index touched an intraday high of 42784.72 points whereas touching an intraday low of 41836.10.

In percentage terms, index was up by 0.88%.

5 – Gainers of the Day

Symbol

Name

Change

RMPL

Rafhan Maize Products Ltd.

200

BATA

Bata Pakistan

140

UPFL

Unilever Pakistan Foods Ltd.

100

ILTM

Island Textile Mills Ltd.

43.56

HINO

Hinopak Motors Ltd

41

 

5 – Losers of the Day

Symbol

Name

Change

NESTLE

Nestle Pakistan

-100

SAPL

Sanofi-Aventis Pakistan Ltd.

-93.99

SRVI

Service Industries Ltd.

-52.95

THALL

Thall Petroleum

-15

LINDE

Linde Pakistan

-12.06

 

 

Volume Leaders

Symbol

Name

Volume

TRG

TRG Pakistan

24,841,000

KEL

K-Electric

15,453,000

BOP

Bank of Punjab

11,211,500

ANL

Azgard Nine Ltd.

10,684,000

POWER

Power Cement

7,895,500

PAEL

Pak Elektron Ltd.

7,347,100

SSGC

Sui Southern Gas Pipelines Ltd.

4,493,000

DGKC

DG Khan Cement Ltd.

4,468,600

ISL

International Steel Ltd.

3,989,700

ASL

Aisha Steel Ltd.

3,774,000

Posted on: 2017-08-25T17:00:00+05:00
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