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PSX: Political noise lets bears paint the bourse red on week’s 4th trading day!

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SANA MAHMOOD

KARACHI: Investors’ confidence remained shaken today too by the prevailing political noise. As a result Benchmark KSE-100 Index closed here at 40,237 points, shedding 0.66 percent. 

Among other catalysts rendering the bourse bearish were: i) Pakistan Bureau of Statistics’ report apropos US$ 9 billion deficit in July-Sept this year; ii) uncertainty apropos EU’s GSP+ review.

Rs. 6.1b worth of 138m shares changed hands today. Value of the shares of 281 companies plummeted, 76 advanced and 16 remained stagnant.

Communication, Power Generation and Engineering Sectors dominated the trade of shares with 17m, 15m and 13.3m shares. Today’s volume was led by K-Electric Ltd. with trading of 13.5m shares (+0.32%).

The other four leaders in the sales of shares were: TRG Pak Ltd., 8.2m shares (-2.77pc); Aisha Steel Mills, 7.3m shares (-3.23pc); WorldCall Telecom 7.1m shares (-6.79pc); Pak Elektron, 4.3m shares (-3.32pc).

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(TEXT AND VIDEO) 2-day Pakistan Property Show commences in Dubai on 20th October

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EXCLUSIVE REPORT BY SANIA JAMALI IN DUBAI

DUBAI: World Trade Center’s Za’abeel Hall 5 here is the venue where 2-day Pakistan Property Show commenced today.

The event (that has been organized by Zameen.com, in association with EarthLink, Abad and others,) is meant to make Pakistan’s real estate visible globally attracting premium investment.

Overseas Pakistanis from UAE, Saudi Arabia, Oman, Kuwait, Qatar and Bahrain are taking keen interest in the expo.

Talking to Newspakistan.tv the organizers held that Pakistan Property Show 2017 would help strengthen the national exchequer by attracting medium to long-term direct investment.

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PSX: Subdued political noise allows bourse close green on week’s last session!

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SANA MAHMOOD

KARACHI: Bourse blossomed on week’s last trading day when subdued political noise, among other reasons, let Benchmark KSE-100 Index close at 42,088 with an augmentation of 520 points.

Rs. 13b worth of 261m shares changed hands today. Value of the shares of 246 companies augmented, 101 plummeted while 17 remained stagnant.

Engineering, Chemical and Textile Sectors led the trading today with 29m, 25m and 23.5m shares respectively.

Today’s trade of shares was led by: Engro Polymer, 20.7m shares (+2.81pc); Azgard Nine, 17.6m shares (+7.79pc); TRG Pak Ltd., 15.9m shares (+4.81pc); Aisha Steel Mills 2.93m shares (+14.6pc); Dost Steels Ltd., 1.50m shares (+14.1pc).

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PSX: Bourse hails the return of bulls as market blossoms with investors’ +ve sentiments!

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SANA MAHMOOD

KARACHI: Attractive prices, higher import duties & indictment of Sharifs by NAB court shooed the bears out of the bourse on week’s second last trading session here.  

Investors happily bought stocks letting KSE-100 Index close at 41,228 with an augmentation of 825 points.

Rs. 11.5b worth of 232m shares changed hands today. Value of the shares of 272 companies augmented, 71 plummeted while 13 remained stagnant.   

Cement, Fertilizer and Oil Exploration/Production Sectors led the trading today.  Number of shares traded in Power Sector was 31.72m and in Engineering Sector it was 31.68m.

Today’s top five traders of shares were: K-Electric Ltd., 29.7m shares (-0.16pc); Engro Polymer, 19.0m shares (+4.81pc); Dost Steels Ltd., 14.2m shares (+8.11pc); TRG Pak Ltd., 11.3m shares (+4.99pc);Engro Fertilizers, 10.8m shares (+4.62pc).

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