Benchmark index lands in consolidation on account of mixed sentiments

May 30, 2019 (MLN): The intense rollercoaster observed on the trading floors in the past two days has taken a day’s rest today as the benchmark KSE – 100 index ended the day n consolidation. The Benchmark KSE100 index closed the trading session with a 15.36 point or 0.04 percent gain to close at 35,974.79.

The Index traded in a range of 867 points, showing an intraday high of 36,525 and a low of 35,657

Of the 90 traded companies in the KSE100 Index, 35 closed up, 52 closed down while 4 remained unchanged. Total volume traded for the index was 176 million shares.

Sectors propping up the index were Commercial Banks with 69 points, Oil & Gas Marketing Companies with 59 points, Automobile Assembler with 20 points, Tobacco with 9 points and Paper & Board with 8 points.

The most points added to the index was by BAHL which contributed 31 points followed by PSO with 23 points, UBL with 22 points, SNGP with 20 points and NESTLE with 14 points.

Sector wise, the index was let down by Fertilizer with 68 points, Power Generation & Distribution with 38 points, Textile Composite with 27 points, Cement with 23 points and Technology & Communication with 9 points.

The most points taken off the index was by FFC which stripped the index of 35 points followed by HUBC with 32 points, ENGRO with 26 points, NML with 19 points and OGDC with 15 points.

Meanwhile, the KSE All Share Volume increased by 16.66 Million to 199.13 Million Shares while the Market Cap increased by Rs.15.11 Billion.

Total companies traded were 325 compared to 334 from the previous session. Of the scrips traded 119 closed up, 184 closed down while 22 remained unchanged.

Total trades increased by 9,223 to 64,237 whereas value traded increased by 1.29 Billion to Rs.8.94 Billion