The Pakistan Stock Exchange (PSX) posted bullish numbers for the third straight day on Tuesday but overall trade remained on the dull side as the momentum was pegged back by bearish international oil prices.
The Pakistan Stock Exchange's (PSX) benchmark KSE 100-Index gained 0.03 percent or 9.25 points to 31,074.38 points on Tuesday as compared with 31,065.13 points on Monday. The KSE All Share Index inched down by 0.06 percent or 13.03 points to 21,842.48 points, the KSE 30-Index dipped marginally by 0.02 percent or 3.35 points to 18,045.18 points, the KMI 30-Index surged by 0.43 percent or 229.26 points to 53,111.85 points, whereas the Islamic All Share Index swelled by 0.1 percent or 14. 97 points to 14,876.56 points.
During Tuesday's trading session, the main index moved in a narrow band of 255.18 points as it touched an intraday high of 31, 140.11 points as against an intraday low of 30,884.93 points. Fauji Fertilizer Bin Qasim Limited (FFBL) remained in the limelight after the company declared a cash dividend of 3.05 rupees per share with a =consolidated earnings of 5.54 rupees share. Both FFBL and Fauji Fertilizer Company's (FFC) share price gained 2.54 percent and 3.07 percent, respectively.
Cement sector was instrumental in driving the PSX towards a bullish close at the end after better-than-expectations results. Dera Ghazi Khan Cement (DGKC) and Maple Leaf Cement (MLCF) closed at 3.68 percent and 1.17 percent above their previous closing price.
Market volumes depleted by 16.53 percent or 21.381 million shares to 107.995 million shares on Tuesday when compared with 129. 376 million shares posted on Monday.
Market capitalization reduced by 0.07 percent or 4.371 billion rupees (42.854 million U.S. dollars) to 6.625 trillion rupees (64. 952 billion dollars) while on the other hand trade value improved by 1.44 percent or 93.880 million rupees (920,394 dollars) to 6. 596 billion rupees (64.671 million dollars). Among 303 active scrips on Tuesday, prices of 155 issues moved southward, 126 travelled northward, whereas values of 22 other companies faced a stalemate.
Fauji Fertilizer Bin Qasim Limited, TRG Pakistan Limited, and Dera Ghazi Khan Cement were the top traded companies with turnovers of 8.131 million shares, 7.885 million shares, and 6.835 million shares, respectively.
Bata Pakistan was the top price gainer with increment of 50 rupees (49.02 cents) to 3,400 rupees (33.33 dollars) while on the other hand Ferozsons Laboratories led the major price shedders with decrement of 50.54 rupees (49.55 cents) to 1,003.02 rupees (9. 83 dollars).
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