KARACHI: Share prices rose on Tuesday as the benchmark continued its earlier momentum over the expectations about a rollover of $13 billion international debt payment.

Topline Securities said investors welcomed the decl­ine in international coal pri­c­es, which pushed the cem­ent sector into the limelight.

According to Arif Habib Ltd, the session was range-bound even though the index remained in the positive zone throughout the day.

Investor participation was sluggish throughout the trading session as they continued value-hunting across the board. Share prices of companies belonging to the cement sector were in focus owing to a favourable trend in coal rates internationally.

As a result, the KSE-100 index settled at 42,265.36 points, up 218 points or 0.52 per cent from the preceding session.

The trading volume decre­ased 1.2pc to 237.4 million shares while the traded value went up 6.5pc to $26.2m on a day-on-day basis.

Stocks contributing significantly to the traded volume included Fauji Foods Ltd (31m shares), WorldCall Telecom Ltd (22.9m shares), Cnergyico PK Ltd (14.3m shares), Hascol Petroleum Ltd (13.4m shares) and HBL Total Treasury ETF (8.8m shares).

Sectors that contributed to the index performance were commercial banking (97.9 points), cement (61.6 points), fertiliser (43.2 points), exploration and production (40.3 points) and automobile assembling (26.7 points).

Companies registering the biggest increase in their share prices in absolute terms were Reliance Cotton Spinning Mills Ltd (Rs43.85), Khyber Tobacco Company Ltd (Rs32.49), Shield Corpo­ration Ltd (Rs18.46), Indus Motor Company Ltd (Rs15.35) and Al-Abbas Sugar Mills Ltd (Rs14).

Shares that declined the most in rupee terms were Rafhan Maize Products Com­pany Ltd (Rs854), Allaw­asaya Textile and Fini­s­h­ing Mills Ltd (Rs249.16), Pakistan Services Ltd (Rs29.30), Pakistan Tobacco Company Ltd (Rs20) and Ble­s­sed Textiles Ltd (Rs18.88).

Foreign investors remained net buyers as they purchased shares worth $0.12m.

Published in Dawn, November 9th, 2022

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Kurram ceasefire
Updated 26 Nov, 2024

Kurram ceasefire

DESPITE efforts by the KP government to bring about a ceasefire in Kurram tribal district, the bloodletting has...
Hollow victory
26 Nov, 2024

Hollow victory

THE conclusion of COP29 in Baku has left developing nations — struggling with the mounting costs of climate...
Infrastructure schemes
26 Nov, 2024

Infrastructure schemes

THE government’s decision to finance priority PSDP schemes on a three-year rolling basis is a significant step...
Anti-women state
Updated 25 Nov, 2024

Anti-women state

GLOBALLY, women are tormented by the worst tools of exploitation: rape, sexual abuse, GBV, IPV, and more are among...
IT sector concerns
25 Nov, 2024

IT sector concerns

PRIME Minister Shehbaz Sharif’s ambitious plan to increase Pakistan’s IT exports from $3.2bn to $25bn in the ...
Israel’s war crimes
25 Nov, 2024

Israel’s war crimes

WHILE some powerful states are shielding Israel from censure, the court of global opinion is quite clear: there is...