KARACHI: The Pakistan Stock Exchange on Monday closed positive as the benchmark KSE 100-share Index recorded an increase of 157.49 points or 0.37% to settle at 42,745.78.
The market extended its rise after a positive opening as it climbed up to test 42,871 intra-day led by Lucky Cement (LUCK PA +1.0%), Attock Refinery Limited (ATRL PA +3.8%) and National Refinery Limited (NRL PA +3.2%).
On the results front, Fauji Cement (FCCL PA +1.6%) announced its annual result for FY18 where it announced an EPS of Rs2.49, along with a cash dividend of Rs1/share.
The recent political developments show that the risk of opposition-nominated president being elected to power has now subsided. With the political dust settling, we expect foreign flows to once again play a key role in the ongoing week as Quarterly Re-balancing by MSCI Tracker Funds is due on Friday.”
Overall, trading volumes increased to 217.6 million shares compared with Friday’s tally of 115.9 million. The value of shares traded during the day was Rs9 billion.
Shares of 380 companies were traded. At the end of the day, 191 stocks closed higher, 176 declined while 13 remained unchanged.
Engro Polymer was the volume leader with 20.3 million shares, gaining Rs1.25 to close at Rs35.51. It was followed by Siddiqsons Tin Plate with 17.8 million shares, gaining Rs1 to close at Rs20.48 and TRG Pakistan Limited with 11.8 million shares, gaining Rs0.46 to close at Rs32.84.
