KARACHI: The Pakistan Stock Exchange (PSX) remained flat after a volatile trading session on Monday. Foreign investors closed the previous week as net sellers with a net outflow of $8.76 million (Sept 23-27).
The KSE-100 Index peaked at 32,395.09 after gaining 324.28 points. However, after the short-lived rally, it followed the opposite direction and lost 141.19 points to mark its intraday low at 31,929.62. The index, after some late recovery, settled flat (+8.04 points) at 32,078.85.
The KMI-30 Index accumulated 110.11 points to end at 51,150.82, while the KSE All Share Index lost 2.52 points, closing at 23,427.60.
The overall market volumes were recorded at 166.05 million, highest for the month of September. K-Electric Limited (KEL -2.20pc), The Bank of Punjab (BOP -0.34pc) and Worldcall Telecom (WTL -0.86pc) led the volume chart with 55.57 million, 10.84 million and 9.08 million shares exchanging hands respectively.
The sectors that revived positivity in the index included oil and gas exploration (+41.70 points), fertiliser (+13.59 points) and textile composite (+8.41 points). Among the companies, Pak Petroleum Limited (PPL +28.55 points), Pakistan Oilfields Limited (POL +14.02 points) and Bank AlFalah Limited (BAFL +9.97 points) contributed maximum points to the index.
Oil and gas exploration sector gained +0.65pc in its cumulative market capitalisation. Pak Petroleum Limited (PPL) was up by 1.76pc, Pakistan Oilfields Limited (POL) by 1.31pc and Oil and Gas Development Company Limited (OGDC) by +0.20pc.
Ghandhara Industries Limited (GHNI -4.99pc) declared earnings per share of Rs1.41 for FY19, Ghandhara Nissan Limited (GHNL -4.98pc) announced an EPS of Rs-0.51, Synthetic Products Enterprises Limited (SPEL +1.30pc) recorded an EPS of Rs2.83 (along with final cash dividend of Rs0.60) while Macter International Limited (MACTER +5.00pc) posted an EPS of Rs 2.72 (with a dividend of Rs0.90) for FY19.
