Sign in Subscribe
  • E-Papers
    • Profit Magazine
    • Pakistan Today
  • Headlines
  • Featured
  • Opinion
    • Comment
    • Editorial
  • Tech
    • Artificial Intelligence
  • World
  • Satire
Sign in
Welcome!Log into your account
Forgot your password?
Create an account
Sign up
Welcome!Register for an account
A password will be e-mailed to you.
Password recovery
Recover your password
Search
Sign inSubscribe
Profit Profit by Pakistan Today
Profit Profit
  • E-Papers
    • Profit Magazine
    • Pakistan Today
  • Headlines
    • Headlines

      Ahsan Iqbal pushes global promotion of Gwadar Port, proposes tunnel link…

      Headlines

      PM Shehbaz urges digital overhaul of governance, lauds energy ministry’s reform…

      Headlines

      Luxury SUV prices drop by up to Rs. 8 million as…

      Headlines

      Toyota raises car prices by up to Rs. 600,000 following NEV…

      Headlines

      Pakistan Railways posts record Rs. 93 billion revenue in FY2024–25

  • Featured
    • Editor’s picks

      Brace for impact: The grid is in a nose dive

      Cover story

      The Battle of the Sugar Barons has yielded its first victim

      Editor’s picks

      Always the pitch deck, never the unicorn

      Editor’s picks

      Coffee nation

      News Analysis (Premium Content)

      Gul Ahmed profits dragged down by energy costs, declining US and…

  • Opinion
    • AllCommentEditorial
      Comment

      Unlocking Pakistan’s digital potential: why a smarter approach to 5G is…

      Comment

      Pakistan’s tech sector: From outsourcing hub to global innovation partner

      Editorial

      Painfully Deja Vu

      Editorial

      Growth on paper, stagnation on ground

  • Tech
    • AllArtificial Intelligence
      Artificial Intelligence

      Google expands Veo 3 AI video tool access to Pakistan and…

      Artificial Intelligence

      Tesla vehicles to get Grok AI assistant next week, says Musk

      Artificial Intelligence

      AI slows down experienced software developers in familiar tasks, study finds

      Tech

      Ukraine set to become first European country with Starlink mobile service

  • World
  • Satire

Market Daily: KSE-100 index in the red again, declines 416.62 points

By
Staff Report
-
February 8, 2018
0
233
Facebook
Twitter
Linkedin
WhatsApp
Email

    LAHORE: Wednesday’s gains on the Pakistan Stock Exchange (PSX) reversed on Thursday, as investors fretted and with sentiments mixed in global markets and foreign investors among the net sellers for current week, the benchmark KSE-100 index fell 416.62 points to close at 43,679.87 points.

    KSE-100 index was able to attain an intra-day high of 44,151.54 points, experiencing only a 55.05-point increase and reached a low of 43,629.82 points after incurring a 466.67-point fall. KSE 100 index traded both in red and green zone initially but thereafter traded volume was down 9 per cent, whereas traded value declined 16 per cent.

    The KMI-30 index recorded a fall of 921.44 points during intra-day trading, before closing the session short of 708.00 points. And KSE All Share Index was also lower by 260.39 points at close of trading on Thursday.

    Lack of any positive trigger, fall in WTI prices to $ 61 (6 week low) and continuing weakness in global markets remain key concerns for investors.

    Worst index point performers were PPL (-2.8 per cent), MCB (-2.2 per cent), DGKC (-4.6 per cent), OGDC (-1.3 per cent) & HBL (-0.6 per cent) withholding 194 points; while NBP (+3 per cent), ENGRO (+1 per cent), EFERT (+1.8 per cent), SNGP (+1.6 per cent) & MUREB (+5 per cent) added 64 points.

    On the sector front; Commercial Banks and E&P sector cumulatively eroded 341 points, while Fertilizer sector led by EFERT robust financial results and payout added 45 points, followed by Pharma contributing 43 points to the index.

    Advancers to decliners ratio was recorded at 118:224. Market volumes decreased to 246.02 million, with Bank of Punjab (-4.24 per cent) dominated trading with exchange of 16.59 million shares, followed by Fauji Foods (+4.96 per cent) 16.15 million and Unity Foods Limited (+4.72 per cent) 14.12 million respectively.

    Unity Food stocks garnered investor attraction after its proclamation of commencement of operations at their edible oil refinery, followed by news of their solvency plant would also start functioning after expected arrival of imported raw materials by March 2018.

    Engro Fertilizer also posted its financial year results for 2017 ending December 31, with its sales shrinking 9 per cent, but gross profit margin increased from 25 per cent to 32 per cent. And it was followed by a 12 per cent rise in net profit, which contributed to net profit margins of 16.09 per cent.

    The company reported earnings per share of Rs 7.60 and announced a final cash dividend of Rs 5.50.

    • TAGS
    • Bank of Punjab
    • Engro Fertilizer
    • KSE All Share Index
    • KSE-100 Index
    • Market Daily
    • Pakistan Stock Exchange
    • Unity Foods
    Facebook
    Twitter
    Linkedin
    WhatsApp
    Email
      Staff Report

      RELATED ARTICLESMORE FROM AUTHOR

      Headlines

      KSE-100 Index settles under 98,000 after crossing historic 99,000 milestone

      Headlines

      Engro Fertilizers extends Rs5bn loan to EPCL for one year

      Headlines

      KSE-100 Index hits record high, closing above 66,500

      Whatsapp Newsletter
      Email Newsletter News Tips
      Profit by Pakistan Today
      Publishing Editor: Babar Nizami -- Editor Multimedia: Umar Aziz Khan -- Senior Editor: Abdullah Niazi -- Editorial Consultant: Ahtasam Ahmad -- Business Reporters: Taimoor Hassan | Shahab Omer l Zain Naeem | Nisma Riaz | Mariam Umar | Hamza Aurangzeb | Shahnawaz Ali | Ghulam Abbass | Ahmad Ahmadani | Aziz Buneri -- Sub-Editor: Saddam Hussain -- Video Producer: Talha Farooqi -- Director Marketing : Mudassir Alam | Regional Heads of Marketing: Agha Anwer (Khi) | Kamal Rizvi (Lhe) | Malik Israr (Isb ) -- Manager Subscriptions: Irfan Farooq -- Pakistan’s #1 business magazine - your go-to source for business, economic and financial news.
      Contact us: [email protected]
      • Privacy policy
      Copyright © 2025. Pakistan Today. All Rights Reserved.