The market snapped back from a two day losing streak and put on a 130pt gain to close at 39147. Volume was up 20pc and so was value traded.
Volume leaders were PIBTL, DCL, PAEL, AL and SNGP. Top stocks by value were SEARL, PAEL, PSO, PIBTL and PRL. PSO, UBL and SEARL contributed most to the index gains. UBL announced quarterly EPS of Rs 5.7 with an interim payout of Rs 3. Inflow for the day was USD1.4mln.
2 Comments
The market closed down 135pts at the 39000 level. Turnover was 166mln shares while value traded was Ra9.8bln. OGDC, KAPCO, ENGRO, PPL, FFC, HUBC accounted for a 130pt drop in the KSE100. Foreign flows came in at USD7.8mln. With result season round the corner and crude oil prices once again heading south could make up for increased volatility at these levels.
The market closed up over 200pts at 39307, above its previous all time high of 39253. Turnover was 233mln shares while value traded was Rs15.3bln. So far this week the market is up 119pts. The last two trading days have seen a significant uptick in volumes.
Gainers for the day were TRIPF, PAEL, HTL, and LUCK up 3-5pc. Auto sector managed to edge higher with PSMC, INDU and HCAR closing 2pc up. FATIMA was up almost 5pc. Today's gains were broad based despite a net outflow of USD2.5mln. The market ended down 107pts amidst profit selling to close at 39099. Turnover was 232mln shares while value traded was Rs14.6bln. Foreign flows continue to offer support to the index. Today's inflow was USD1.8mln. So far this week the market is up just 18pts, taking a breather from last weeks stellar performance.
Sectoral performance was generally side ways. Gainers were HASCOL, SNGP, BYCO and HTL. PSO and NRL closed 2pc lower. |
Archives
December 2018
Search Market View
|