KSE-100 recovers 127 points on financial year end despite PKR uncertainty

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KSE-100 recovers 127 points of financial year end
KSE-100 recovers 127 points of financial year end

Last trading day of the financial year ended positively with +127pts (unadjusted), although the day’s oscillation from +162pts to -365pts, left the investors with a bit of anxiety. Adding to this anxiety was also the decline in Rupee parity with USD that caused the index to first recover the loss of 365pts and then increased by 127pts.

The sectors that contributed to this increase were Cement, Utilities, Chemical and Autos. Banking sector led the volumes with 74M shares, followed by Power (31M). Among scrips, Silk Bank topped the volumes with 38M shares followed by KEL (21M).

In total, 3 scrips contributed 75M shares in traded volume, which comprises 35% of total traded volume. The Index closed at 33,902pts as against 33,774pts showing an increase of 127pts (+0.4% DoD).

Sectors contributing to the performance include Cement (+48pts), Autos (+25pts), Pharma (+21pts), O&GMCs (+15pts), Power (+14pts), E&P (-34pts).

Volumes increased significantly from 135mn shares to 213.5mn shares (+58% DoD). Average traded value also increased by 42% to reach US$ 39.5mn as against US$ 27.9mn.

Stocks that contributed significantly to the volumes include SILK, KEL, BOP, FFBL and FCCL, which formed 42% of total volumes.

Stocks that contributed positively include LUCK (+20pts), MTL (+12pts), KEL (+12pts), PSO (+11pts) and HMB (+11pts).

Stocks that contributed negatively include PPL (-18pts), HBL (-17pts), OGDC (-14pts), PMPK (-12pts) and POL (-10pts) on the last trading day of financial year.

Read also: Pakistan: Rupee hits historic low against USD, 27 rupees decline since March