LAHORE: The Pakistan Stock Exchange was nothing less than a roller coaster ride with its up and down trends. The index soon offloaded all its gains by the afternoon, before being rescued by late buying to close flat. KSE 100 index logged an intraday high of 40,819.44 with a surge of 358.44 points before it dropped down 424.77 points to 40,036.23. Buying in the last couple of hours helped it end the session in the positive territory, up 7.49 points.
The KMI 30 index also swung both ways, up 768.41 points and down 774.38 points to end unchanged at 67,376.08. KSE All Share Index witnessed the same trend and settled lower by 7.92 points. The advancers to decliner for the day were 154 to 120. The market volumes dropped from 192 million in the previous session to 150.23 million. TRG Pakistan Limited (TRG +0.97%) ruled the volume chart with 12.02 million shares exchanged followed by Chakwal Spinning Mills Limited (CWSM -8.39%), volume 7.51 million.
Dost Steels Limited (DSL -2.10%) announced a loss after taxation of Rs 81.49 million for the year ended June 30, 2017. The rise in administrative costs increased losses and the company ended with a loss per share of Rs 0.36 against last year’s Rs 0.23.
Hum Network Limited (HUMNL +2.46%) reported a growth in sales of 18% to Rs 4.64 billion which resulted in gross profit margins of 42%. This added with lower taxation boosted company profits by 89% to Rs 1.07.
Ittefaq Iron Industries Limited (ITTEFAQ -4.41%) registered a 13% growth in sales but gross profit margin slid lower from 9% to 8%. Reduction of finance cost helped profits lift up by 59% to Rs 1.40 million and earnings per share of Rs 1.55.
Treet Corporation Limited (TREET +0.23%) managed earnings per share of Rs 0.47 against last years Rs 0.25. Pace (Pakistan) Limited posted an EPS of Rs 0.80 against last years Rs 1.05.
Trading in the certificates of Habib Metro Modaraba shall commence from Friday, October 6, 2017. The company has been assigned the symbol “HMM” and falls under the modaraba sector.
