Benchmark index increases 88.77 points to settle at 34,978.18
TLTP
KARACHI
The Pakistan Stock Exchange (PSX) Thursday witnessed bullish trend as KSE 100 index closed at 34,978.18 points as compared to 34,889.41 points on the last working day, with positive change of 88.77 points (+0.25%).
A total 383,084,088 shares were traded compared to the trade 315,039,420 shares during the previous day, whereas the value of shares traded during the day stood at Rs12.506 billion as compared to Rs10.671 billion during last trading day.
As many as 381 companies transacted shares in the stock market, out of which 224 recorded gain and 131 sustained losses whereas the share price of 26 companies remained unchanged.
The three top traded companies were WorldCall Telcom with a volume of 52,827,000 shares and price per share of Rs0.94, TRG Pak Ltd with a volume of 28,672,500 with price per share of Rs30 and Maple Leaf with a volume of 21,185,000 and price per share of Rs27.56.
Nestle Pakistan recorded maximum increase of Rs193.75 per share, closing at Rs6890 while Sapphire Tex was runner up with the increase of Rs47.61 per share, closing at Rs925.
Rafhan Maize witnessed maximum decrease of Rs150 per share, closing at Rs6950, whereas prices of Indus Dyeing shares decreased by Rs29.99 per share closing at Rs565.01.
Arif Habib Limited in its report said that KSE-100 index went up by 288 points during the session, which was contributed by a mix of sectors including cements and fertilizer (which hit day’s high in early trading, but faced profit booking in later part of the session). Banking sector gained further as investors showed renewed interest post release of CPI data.
Among cyclicals, engineering (steel) showed better performance contributed by MUGHAL and ASTL primarily, trading at and near upper circuits. Similar price performance was witnessed in Pharma stocks, among which SEARL and FEROZ remained prominent.
Technology sector contributed most to the traded volumes with 105.3 million shares, followed by Cement (51.7 million) and Banks (27.3 million). Among scrips, WTL topped 52.6 million shares, followed by TRG (28.6 million) and MLCF (21.1 million).
The sectors contributing to the performance include banks (+58 points), technology (+24 points), food (+16 points), pharma (+14 points), and power (-37 points).
