AVN 65.31 Decreased By ▼ -0.86 (-1.3%)
BAFL 30.25 No Change ▼ 0.00 (0%)
BOP 4.63 Decreased By ▼ -0.10 (-2.11%)
CNERGY 3.89 Decreased By ▼ -0.12 (-2.99%)
DFML 13.50 Decreased By ▼ -0.60 (-4.26%)
DGKC 42.15 Decreased By ▼ -1.54 (-3.52%)
EPCL 46.13 Increased By ▲ 1.48 (3.31%)
FCCL 11.45 Decreased By ▼ -0.38 (-3.21%)
FFL 5.19 Increased By ▲ 0.22 (4.43%)
FLYNG 5.82 Decreased By ▼ -0.28 (-4.59%)
GGL 10.04 Decreased By ▼ -0.34 (-3.28%)
HUBC 63.21 Increased By ▲ 0.91 (1.46%)
HUMNL 5.73 Decreased By ▼ -0.12 (-2.05%)
KAPCO 27.81 Increased By ▲ 0.26 (0.94%)
KEL 2.15 Decreased By ▼ -0.06 (-2.71%)
LOTCHEM 25.37 Decreased By ▼ -1.23 (-4.62%)
MLCF 21.65 Decreased By ▼ -0.87 (-3.86%)
NETSOL 84.95 Decreased By ▼ -1.25 (-1.45%)
OGDC 86.64 Increased By ▲ 0.37 (0.43%)
PAEL 10.96 Decreased By ▼ -0.31 (-2.75%)
PIBTL 4.21 Decreased By ▼ -0.07 (-1.64%)
PPL 78.65 Decreased By ▼ -1.43 (-1.79%)
PRL 13.61 Decreased By ▼ -0.05 (-0.37%)
SILK 0.88 Decreased By ▼ -0.02 (-2.22%)
SNGP 41.00 Decreased By ▼ -0.75 (-1.8%)
TELE 6.01 Decreased By ▼ -0.20 (-3.22%)
TPLP 16.02 Decreased By ▼ -0.25 (-1.54%)
TRG 111.89 Decreased By ▼ -0.66 (-0.59%)
UNITY 14.01 Decreased By ▼ -0.34 (-2.37%)
WTL 1.14 Decreased By ▼ -0.06 (-5%)
BR100 4,026 Decreased By -48.6 (-1.19%)
BR30 14,402 Decreased By -123 (-0.85%)
KSE100 40,451 Decreased By -396 (-0.97%)
KSE30 15,110 Decreased By -101.7 (-0.67%)
Markets

Stocks stage rally as KSE-100 gains 242 points

  • Earnings announcements keep investor interest alive
Published August 11, 2021
Follow us

The KSE-100 witnessed a rally on Wednesday, as the index finished with a gain of 242 points with volumes also inching up day-on-day.

Registering an increase of nearly 500 points, the benchmark index recorded an intra-day high of 47,627.59. Profit-booking erased some of the advances, but the index still finished with an increase of 0.51% or 241.9 points to finish at 47,377.38.

Investor interest was mostly seen in the technology sector where TRG and SYS were the major gainers.

“On the results front, EPCL announced its 2Q2021 EPS at Rs3.4,-25% QoQ. Earnings were lower than industry expectations, however, it declared a higher than expected payout of DPS of Rs7 as the stock closed +3.5%.

"Further, MCB announced 2Q2021 EPS at Rs6.6 {+16%YoY, 12% QoQ). Earnings remained better than industry expectations with 2Q2021 DPS of Rs5.0.

"POL also announced its 4QFY21 EPS at Rs13.41 (up 57% YoY and 30% QoQ). Earnings were in line with industry expectations along with 4QFY21DPS of Rs30 which was higher than industry expectations as the stock closed 1% higher,” said Topline Securities in its post-market comment.

KSE-100 inches up slightly amid range bound trading

Sectors driving the benchmark KSE-100 upwards included technology and communication (86.17 points), power generation and distribution (26.14 points), and fertiliser (24.14 points).

Volume on the all-share index increased from 370.03 million on Tuesday to 382.64 million on Wednesday. The value of shares traded during the session improved significantly to Rs15.71 billion, from Rs12.09 billion on Tuesday.

Ghani Global Holdings remained the volume leader with 27.60 million shares, followed by WorldCall Telecom Ltd with 26.70 million shares, and Engro Polymer at 25.98 million shares.

Shares of 472 companies were traded on Wednesday, of which 222 registered an increase, 223 recorded a fall, while 27 remained unchanged.

Comments

Comments are closed.

Stocks stage rally as KSE-100 gains 242 points

B2B barter trade mechanism: MoC empowered to impose conditions, curbs

Power tariff raise proposal not firmed up

In 2 weeks: Indus Motor increases Toyota car prices again as rupee’s fall bites

FM Bilawal to visit Russia on January 29-30

PPP to send legal notice to Imran over Zardari assassination plot claims

CDWP approves seven projects worth Rs22bn

Two Indian air force jets crash, one pilot killed

Tarin raises the alarm about inflation surge

Exchange rate: Removal of cap to inject stability into currency market: Bostan

MSCI seeks feedback on Adani Group over Hindenburg report