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Closing Bell: A dismal affair

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 July 26, 2019 (MLN): The trading floors stretched mid-day’s losses towards the session’s end today causing the benchmark KSE – 100 index to end the week 343 points lower than yesterday’s session (-1.06%) and dangerously closer to the next benchmark of 32,000 points, by closing at 32,103 points.

During the week, KSE – 100 lost 356 points (net) to uncertainty and a prevalent mist of pessimism that clouded the market’s sentiments. Last week was concluded at 32,459 points.

The Index remained negative throughout the session touching an intraday low of 32,031 points.

Of the 86 traded companies in the KSE100 Index, 13 closed up, 71 closed down, while 2 remained unchanged. Meanwhile the total volume traded for the index was 67.30 million shares.

Sector wise, the index was let down by Fertilizer with 46 points, Power Generation & Distribution with 40 points, Cement with 38 points, Oil & Gas Exploration Companies with 31 points and Oil & Gas Marketing Companies with 30 points.

The most points taken off the index was by HUBC which stripped the index of 31 points followed by PAKT with 27 points, FFC with 20 points, OGDC with 18 points and NESTLE with 15 points.

Speaking of constituents, Fauji Fertilizer Bin Qasim Limited (FFBL) announced its financial results for the half year ended on June 30, 2019 wherein company’s losses after tax expanded by 2 time to Rs.3.5 billion with loss per share (LPS) recorded at Rs.2.95.

On the other hand, KSE All Share Volume increased by 23.05 Million to 86.57 Million Shares while the Market Cap decreased by Rs.93.38 Billion.

Total companies traded were 310 compared to 324 from the previous session. Of the scrips traded 50 closed up, 243 closed down while 17 remained unchanged.

The total trades decreased by 3,437 to 27,289 whereas Value Traded decreased by 0.41 Billion to Rs.1.94 Billion.

Company Volume

Top Ten by Volume

The Bank of Punjab 23,848,500
Worldcall Telecom 7,246,000
Pak Elektron 4,070,500
Maple Leaf Cement Factory 4,056,500
K-Electric 3,867,000
TRG Pakistan 3,444,000
Unity Foods 3,294,000
Agritech 2,782,000
Fauji Foods 2,130,500
Fauji Fertilizer Bin Qasim 2,021,000
Sector Volume

Top Sector by Volume

Commercial Banks 26,508,600
Technology & Communication 11,629,000
Cement 8,319,600
Chemical 5,893,790
Cable & Electrical Goods 4,739,050
Power Generation & Distribution 4,383,500
Vanaspati & Allied Industries 3,295,000
Fertilizer 2,896,400
Engineering 2,728,900
Food & Personal Care Products 2,545,740


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Posted on: 2019-07-26T18:06:00+05:00