Today's session was volatile, with the KSE 100 index hitting - 500 points intraday, but closing 8 points plus, at 40733. Turnover was 138 million shares and value traded was Rs 6.2 bilion. The market spent most of the session in negative territory, after DG Khan cement announced quarterly earnings of Rs 6.5. cement stocks closed sharply higher from their lows of the day, as the market struggles to gauge the extent of impending over capacity.
Today's top scrapes by Value traded were, EPCL, DGKC, PAEL, LUCK and ATRL.
Top performers among active strips were EPCL, LUCK, DGKC and MUGHAL. Worst performers were INIL, DFML, GGL and FEROZ.
We continue to think that values have opened up and positive news flow could trigger a rerating.
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