LAHORE: Pakistan Stock Exchange (PSX) took a slow start to the day but quickly gained strength midday, closing in the green. The benchmark KSE 100 managed to stay above 40,000 point mark throughout the day, pushing volumes towards an upwards trend.
The KSE 100 index fell to intraday low of 40,031.34 with a loss of 115.39 points before it flew up to intraday high of 40,463.66 with the addition of 316.93 points. The index settled at its high for the day. The KMI 30 index decreased to Thursday’s low of 68,172.75 with a loss of 229.87 points and however settled with an increase of 396.98 points. The KSE All Share Index was higher by 275.91 points with 205 advancers to 128 decliners.
The market volumes were recorded at 239.23 million. The Worldcall Telecom Limited (WTL 0.00 per cent) topped the volume chart with 55.03 million shares traded.
The company announced financials for the second quarter of the financial year 2017, it also reported its earnings per share at Rs 8.23 with reversal of liabilities.
Dost Steels Limited (DSL -4.00 per cent) followed with 18.95 million shares exchanged and TRG Pakistan Limited (TRG +0.65 per cent) with 12.41 million.
Meanwhile on Thursday Engro Polymer & Chemicals (EPCL -3.25 per cent) informed its board of directors approval of a capital expenditure of Rs 10.3 billion for the addition of new PVC Plant and various other projects. The new PVC plant will have a capacity of 100,000 MT and take total capacity to 295,000 MT per annum. The targeted time for completion in the third quarter of 2020 and will cost Rs 7.6 billion.
