CHI- Renewed interest of foreign traders in the local bourse allowed the KSE-100 index to gain 103
points to close at 7,128.83 points along with a reasonable turnover of over 100 million shares on Thursday.
Though it was good to see the green colour after a long time but traders were more concerned rather thrilled by
Thursdays market move.
The KSE-100 index opened in red zone on Thursday, down 3.9 points. However, the index bounced back and
showed strong resistance adding 102.94 points.
Fresh funds inflow was quite prominent as reflected by an across the board activity and substantial rise in value
of shares traded, expressed research analyst Hasnain Asghar Ali.
Return of top tier stocks on the volume leader board can be termed as a positive sign for the market
participants. Over the last few months, market rebound was quite strong after touching the floor of 7,000 mark,
but ceiling was not that high to attract lot of investors to re-enter the market. Market band is approximately
400-500 points over the last few weeks, which market was unable to breach.
Experts are hopeful that leverage products will be introduced to refuel the purchasing power of investors.
We are still not sure that todays positivity can be sustainable, keeping in view the volumes, said a stock
Trading activity was slightly higher with a market turnover of 104.371m shares as compared to last trading
sessions 103.181m shares. Total trading value of the market inched up to Rs5.417 billion against Rs2.654
billion of last trading session.
Market capitalisation stood over Rs 2.111 tr as compared to last sessions Rs 2.083tr, showing gains of Rs28b
in just one trading day. Of 318 actively traded symbols at the KSE, at least 188 advanced, 109 declined while
the worth of the shares of 21 cos remained unchanged.
OGDC returned to the main stream stocks with a handsome gain of Rs 2.10/share which supported the index.
Top tier banks NBP and MCB accelerated with handsome gains. Lucky gained Rs1 during the day along with its
twin brother DGKC.
OGDC was crowned as the volume leader of the day with a turnover of 11.873 million shares, followed by DGKC
with 10.412m shares, Lucky Cement 8.763m shares, MCB Bank 6.504m shares, JSCL 5.401m shares, NBP
5.222m shares, AHSL 3.410m shares, Azgard Nine 3.366m shares, HUBCO 2.940m shares namely.
Nestle Pak was the leading gainer with a gain of Rs51.90/share to close at Rs1,089.90 with a turnover of 100
shares, Bata Pak added Rs31.50/share and its value was improved to Rs662, Wyeth Pak up by Rs20/share
and closed at Rs1,279, MCB Bank added Rs7.31/share and closed at Rs153.64, Indus Motor gained
Rs5.45/share, closing at Rs114.51, Hinopak Motor up by Rs5.14/share to close at Rs152.15.
On the other side, Fazal Textile lost Rs9.57/share to close at Rs353 with the trading of only 600 shares, Lakson
Tobacco down by Rs5/share and closed at Rs150, KSB Pumps lost Rs1.94/share and its value was decreased
to Rs71.50, Sanofi-Aventis down by Rs1.83/share, closing at Rs109.17, National Refinery down by
Rs1.57/share and closed at Rs214.51, Millat Tractor lost Rs1.49/share and closed at Rs278.50.