KARACHI: The share market ended with a gain of 127 points on the last trading day of fiscal year 2018/2019 despite early day losses.
The benchmark KSE-100 index of Pakistan Stock Exchange closed at 33,902 points as against 33,774 points showing an increase of 127 points.
Analysts at Arif Habib Limited said that last trading day of the financial year ended positively with +127 points (unadjusted), although the day’s oscillation from +162 points to -365 points, 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 365 points and then increased by 127 points.
The sectors that contributed to this increase were Cement, Utilities, Chemical and Autos.
Banking sector led the volumes with 74 million shares, followed by Power (31 million).
Among scrips, Silk Bank topped the volumes with 38 million shares followed by KEL (21 million).
In total, 3 scrips contributed 75 million shares in traded volume, which comprises 35 percent of total traded volume.
Sectors contributing to the performance include Cement (+48 points), Autos (+25 points), Pharma (+21 points), O&GMCs (+15 points), Power (+14 points), E&P (-34 points).
Volumes increased significantly from 135 million shares to 213.5 million shares (+58 percent DoD). Average traded value also increased by 42 percent to reach US$ 39.5 million as against US$ 27.9 million.
Stocks that contributed significantly to the volumes include SILK, KEL, BOP, FFBL and FCCL, which formed 42 percent of total volumes.
Stocks that contributed positively include LUCK (+20 points), MTL (+12 points), KEL (+12 points), PSO (+11 points) and HMB (+11 points).
Stocks that contributed negatively include PPL (-18 points), HBL (-17 points), OGDC (-14 points), PMPK (-12 points) and POL (-10 points).
