The capital markets picked up pace today on the backs of Cement sector, specifically Lucky Cement that gained Rs.14.14, and contributed 38.39 points to the index.
The index concluded the bullish trend during the day after gaining 192 points to close the session at 42,923 points.
High 42,960 | Low 42,696 | Change 192 | Value USD65mn | Volume 107mn
The volume of shares traded today exceeded yesterday’s volume by 15% as the companies listed in the KSE – 100 index witnessed trading activity of 107.4 million shares at a value of PKR 8 billion today.
The top leading the gains contributed collectively around 150 points to the index :
- Cement sector
- Fertilizer sector
- Textile sector
On the other hand the sectors which took away 39 points from the Index are :
- Oil & Gas Exploration Companies
Considering in the deeper perspective the volume leaders for today’s session are :
Within KSE 100 Index 96 company traded today, of which 56 companies advanced, 34 companies declined and 4 companies remained unchanged.
Recommendation and Outlook: It is expected that market will show some fluctuation in coming session.
Events ahead: Auto Sales (August 10, 2018)
MSCI Quarterly Index Review (August 13, 2018)
EFERT’s Analyst Briefing (August 13, 2018)