News update: – 7th December 2019, Pakistan stock market analysis information noted some positive trend as Karachi stock exchange index 100 index closed at 40,641 points as equated to 40,270 points on the earlier working day with some positive impact of 370 points (0.91%).
While, JS Global expert Mr. Danish Ladhani, said on Pakistan stock exchange online trading that the stocks closed on a very positive point with the KSE- 100 target, showing the earning of 371 points and concluding point at 40,641.
Furthermore, Pakistan stock market analysis, the KSE-100 index rises steeply from the moment the negotiation began. The selling interest remained strong throughout the week, mostly in the bank and cement stocks sector. However, the update about the rise in cement sales also helped investor confidence and fueled the positive impact on Pakistan stock market analysis.
Moreover, the index of the extracted from its intraday high of 40,809.31 points, the day in the positive zone was still over. Even with a nine-year high increase reading of 12.7%, the news had no major impact on the marketplace. While, the benchmark of 100 KSE shares recorded an increase of 370.58 points, or 0.92%, to reach 40,641.10.
In addition, Mr. Ladhani also stated that the survey and production, financial and cement actions were the main winners of the day and further he said that we expect more positive results in the future. While, Pakistan Petroleum Limited (+ 3%), Pakistan Oilfields (+ 2.2%), HBL (+ 1.7%), UBL (+ 0.3%), Lucky Cement (+ 1.8%) and DG Khan Cement (+ 4%) contributed to the positive closing. In addition, cement sales in November 2019 improved 11% year-on-year to 4.35 million tons.
Additionally, interchange volumes increased to 507.9 million shares compared with Wednesday’s tally of 393.2 million. The value of shares traded during the day was Rs20.1 billion. Also, the shares of 404 companies were trafficked. At the end of the day, 226 stocks closed higher, 159 declined and 19 remained unchanged.
The top three companies who imported, are Unity Foods Ltd with a volume of 35,241,000 shares and price per share of Rs 13.14, FCCI with a volume of 34,081,000 and MLCF with a volume of 20519,500 and price per share of Rs 24.12.
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