Daily Stock Report: PSX Ends Day On A Flat Note to Close At 45,905

The stock market closed almost flat for the 2nd consecutive day on Thursday. It witnessed another dull trading session as benchmark KSE-100 index closed at -2.63 points (0.01 per cent) by the close of the trading session to reach 45,905.76.

KSE-100 Index traded in a narrow range of 267 points. The index hiked to the day’s highest of 46,025.07 points from a lowest of 45758.21. The market saw another profit taking session throughout the whole day.

The market opened positive but couldn’t maintain its morning run and erased all gains by day’s close as participants chose to book profits.

Overall 158 million shares were traded while In KSE 100 index only 73 million shares were traded with a total worth of nearly Rs 4.13 billion.

Total of 372 companies’ shares changed hands where 132 advanced, 221 declined and 19 remained unchanged.

Mari Petroleum hit the upper cap during the day as it closed with MARI 0.96% as the company disclosed its financial results with improved profits of Rs 9.13 billion in the year that ended June 30, 2017 as compared to 6.05 billion profit in the previous year. This translated into earnings per share (EPS) of Rs 82.87 as compared to EPS of 54.89 during the same period last year. The company has also announced a cash dividend of Rs 2.20.

COMMERCIAL BANKS was the top traded sector with a total traded volume of 31,622,200 shares. It was followed by TEXTILE COMPOSITE with a total traded volume of 23,635,340 shares and CHEMICAL sector with a total traded volume of 11,509,430.

Bank of Punjab was the volume leader with 26.99 million shares, losing Rs 0.21 to close at Rs 11.14. It was followed by Azgard Nine with 17.92 million shares, losing Rs 0.63 to close at Rs 13.73, Sui Southern Gas with 8.74 million shares, losing Rs 0.86 to close at Rs 42.77 and BYCO Petroleum with 8.28 million shares, gaining Rs 0.86 to close at Rs 20.41