After a beat down in the last two consecutive sessions, local bourse posted a recovery in today’s session albeit a weak one. Return of the president appeased jittery investor sentiments as local interest lent some support to benchmark KSE-100 at around the 11090 level. However, foreign investors dwindling interest continued to put downward pressure whilst ENGRO hit the lower circuit breaker. Amidst dreary participation, thinly traded NESTLE and SCB along with index heavy OGDC significantly influenced index’s overall performance. Although attractive valuations are in the offerings, political uncertainty and external account worries might bring the bears back. The KSE 100 index closed at 11083.03 levels with the gain of 54.89 points, while KSE 30 index bagged 7.04 points to close at 10161.18 levels. All Share index closed at 7674.09 levels after gaining 35.53 points. Total 116 scrips advanced 95 declined and 90 remain unchanged out of total 301 scrips traded.
Total volume stood at 36.45m against the previous volume of 47.64m with the negative change of 23.48 per cent. While total trade value was valued at Rs1.36b against the previous value of Rs2.00b with the net change of negative 32.05 per cent. Market capitalisation was Rs2,876.23b against previous Rs2,862.75b with the change of 0.47 per cent. Volume leaders of today’s session were LOTPTA, JSCL, ENGRO, DGKC, and FFBL. While major gainers at the KSE 100 index were SILK, AGL, SEPL, PKGS, and NESTLE.
