Another lackluster day was witnessed at the local bourse as merely 35 million shares were traded during the day. Although market recovered in the later hours gaining 14 points, the lack of investor conviction and absence of material triggers continued to threaten further pull back.
KSE 100 index closed at 10,894.15 levels with the gain of 14.33 points, while KSE 30 index gained 39.67 points to close at 10,391.08 levels. All Share index closed at 7,579.29 levels after gaining 7.54 points. Total 94 scrips advanced 99 declined and 79 remained unchanged out of total 272 scrips traded.
NBP led the volume leader’s board whilst foreign investor’s off-loading kept the scrip under pressure. Leading fertiliser stocks posted slight recovery in today’s session after dismal performance during the preceding week. Imminent rise in power tariff and expected ease-off in circular debt pile kept IPP stocks in the green zone. “We reiterate cautious stance with selective exposure as sentiments remain weak,” said Salman Vidhani, Senior Investment Analyst at HMFS.
Total volume stood at 27,576,244 along with the total value of 1,391,080,595. Major market gainers in today’s session were ANL, SCBPL, AGL, PACE, and SHFA, whereas major losers included MTL, PRL, GHGL, COLG, and THALL. Besides, major market movers were FFC, PTC, SCBPL, POL, and FATIMA.
