The Pakistan Inventory Trade ended Tuesday almost flat, with the benchmark KSE-one hundred index gaining solely 23 factors, or zero.05 per cent, by the shut of buying and selling session to succeed in 50,one hundred forty four.
The index had examined the day’s excessive at 50,311 factors and the day’s low at forty nine,920 factors withing the primary forty minutes of the session earlier than oscillating to shut with nominal positive aspects.
Buying and selling was led by the cement sector, with forty.2 million shares traded through the session.
“The cement sector maintained its constructive momentum on the again of rumours of costs improve in cement luggage,” stated a monitoring report issued by JS Analysis. In accordance with the report, shares of Fortunate Cement gained 1.43pc in worth, DG Khan Cement 1.57pc, Maple Leaf Cement three.11pc and Fauji Cement 1.75pc through the day.
The very best volumes have been seen in Engro Polymer & Chemical compounds, which noticed virtually 16mn shares traded and gained four.98pc, it added.
The report famous that worldwide oil costs had slipped after Saudi Arabia and different Arab states minimize diplomatic ties with Qatar. This was mirrored within the efficiency of oil shares, the place OGDC and Pakistan Oilfields closed down 1.43pc and 1.62pc, respectively.
“Falling international crude costs amidst the Qatar diplomatic disaster and weak international equities invited mid-session strain,” stated a senior analyst Ahsan Mehanti.
“Robust financial progress forecast at 5.5pc for 2017-eight within the World Financial institution’s 2017 International Financial Prospects Report performed a catalyst position within the constructive shut,” he added.
259.5 million shares modified arms by the top of the session, with a complete value of almost Rs16.four billion.
Shares of 365 corporations have been traded, of which 152 gained in worth, 193 declined and 20 remained unchanged.
Volumes have been led by:
Engro Polymer: 15.9m shares traded [+4.98pc];
Dost Metal Ltd: 15.9m shares traded [-0.50pc];
Energy Cement(R): 14.6m shares traded [-4.31pc];
Financial institution of Punjab: thirteen.5m shares traded [-12.82pc];
Maple Leaf Cement: 10.1m shares traded [+3.11pc];
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