The streets of Karachi were deserted after the massive rain flooding which adversely impacted today’s market proceedings in terms of volumes which lingered around 21million shares.
The KSE 100 index closed at 11264.43 levels with a gain of 83.79 points, while KSE 30 index gained 83.92 points to close at 10795.47 levels. All Share index closed at 7829.44 levels after gaining 55.31 points. Total 116 scrips advanced 72 declined and 95 remain unchanged out of total 283 scrips traded.
Market sentiment was fairly bullish from the onset with National Bank and LOTPTA generating around 50 per cent of the total volume. Furthermore, Engro also exhibited the bullish fever. Despite the sluggish volumes, the index was determined to post a gain of 84 points. For a few punters, today’s trading session was fairly exciting because they could maneuver the benchmark performance. We believe the index performance is likely to take its path after normalcy returns towards the market, said Bilal Asif at HMFS. Total volume stood at 26.13 million against the previous volume of 45.28 million, depicting decline of 42.30 per cent.
The current value trade was Rs1.12bn against the previous value of Rs2.45 billion, down 54.43 per cent. Similarly, current market capitalisation stood at Rs2,984.78 billion against the previous capitalisation of Rs2,963.55bn. Today’s volume leaders were NBP, PTC, NICL, FFC, and ENGRO. While, major gainers in today’s session included AGL, PTC, DAWH, ENGRO, and FFC while major losers were MDTL, PAKT, EFUL, BOP, and LPCL.
