KARACHI: The Pakistan Stock Exchange closed at all-time high on Friday as the benchmark 100-index surged to 40,541.81 points after adding 246.29 points (0.61%).
Investor interest was seen in automobile sector on the back of depreciating Yen. HCAR (up 4.74%) was the major gainer of the aforementioned sector with the news of becoming the first OEM in Pakistan to launch 0W20 SN high grade fully synthetic engine oil. FATIMA (up 1.85%) in the fertilizer sector closed in green as the fertilizer off-take numbers released by NFDC for the month of Aug-16 showed MoM growth in company’s dispatches of around 12% and 98% for Urea and CAN, respectively.
Volumes decreased by 38% to 436m shares while value decreased by 34% to Rs14.0b/$134m. KEL led the volumes with 55m shares traded. Stock gained by 2.3%.
MUREB announced consolidated EPS of 49.92/share along with cash dividend of Rs 10 in addition to previously announced Rs10 dividend and bonus of 1500%. As a result, stock closed at its upper limit of 5%.
