Finance

KSE100 index closed up 567pts

Karachi, February 15, 2021: In a bullish start to the week, the benchmark KSE100 index closed up 567 points at 46,375 level with 486 million shares traded during the session.

WTL (10.1 percent), MLCF (4.2 percent), TELE (17.8 percent), ANL (1.8 percent) and HUMNL (-5.9 percent) were top contributors to the volume. Cement sector continued the upward trend as MLCF (4.2 percent), DGKC (5.1 percent), FCCL (1.4 percent) and LUCK (0.3 percent) gained, whereas, FLYNG (9.1 percent) closed at its upper circuit.

Read more: Kashmiri diaspora commemorated 37th anniversary of Maqbool Butt

The textile sector gained in anticipation of the textile policy being approved; ANL (1.8 percent), NML (3.7 percent), GATM (3.1 percent) and NCL (3.6 percent) closed in the positive trajectory.

AKBL (7.5 percent) in the Financials reported CY20 consolidated EPS of Rs8.61 with a cash pay-out of Rs3/share. EFERT (2.2 percent) from the fertilizer sector, announced its annual result where the company declared consolidated earnings of Rs13.58 per share along with a final cash pay-out of Rs4 per share. Given the trend, we recommend investors to avail any upside as a selling opportunity

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