Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

Closing Bell: A dreary day, index remains range-bound

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

October 29, 2019 (MLN):  The domestic equity market remained range-bound throughout the session, as it oscillated between red and green zones and concluded the day on a negative note after shedding 64 points ( or down by 0.19%from yesterday's closing) to arrive at 33,797 point mark.

According to the closing note by Ismail Iqbal Securities, Investors chose to focus on earning releases and ongoing political uncertainty.

Moreover, talks between Pakistan and the IMF for the first quarterly review of Islamabad’s performance under its $6b Extended Fund Facility (EFF) started yesterday. The country will receive next IMF tranche worth $450 million.

The Index traded in a range of 300.69 points, showing an intraday high of 34,016.80 and a low of 33,716.11.

Of the 89 traded companies in the KSE100 Index 33 closed up 54 closed down, while 2 remained unchanged. Total volume traded for the index was 135.10 million shares.

Sector wise, the index was let down by Commercial Banks with 24 points, Fertilizer with 16 points, Oil & Gas Marketing Companies with 13 points, Insurance with 12 points and Chemical with 11 points.

The most points taken off the index was by OGDC which stripped the index of 13 points followed by ENGRO with 13 points, LUCK with 13 points, COLG with 11 points and BAHL with 11 points.

Sectors propping up the index were Miscellaneous with 23 points, Pharmaceuticals with 16 points, Cement with 6 points, Leather & Tanneries with 4 points and Refinery with 3 points.

The most points added to the index was by PSEL which contributed 23 points followed by BOP with 12 points, SEARL with 10 points, FFBL with 7 points and GLAXO with 6 points.

All Share Volume increased by 89.45 Million to 225.08 Million Shares. Market Cap decreased by Rs.13.47 Billion.

Total companies traded were 345 compared to 343 from the previous session. Of the scrips traded 131 closed up, 199 closed down while 15 remained unchanged.

Total trades increased by 15,633 to 67,183.

Value Traded increased by 1.32 Billion to Rs.5.42 Billion

Company Volume

Top Ten by Volume

Worldcall Telecom 37,529,000
The Bank of Punjab 22,556,000
Pakistan International Bulk Terminal 10,633,500
Fauji Cement Company 9,579,000
Maple Leaf Cement Factory 8,298,500
K-Electric 7,115,000
Hascol Petroleum 7,066,500
Pak Elektron 6,041,000
D.G. Khan Cement Company 5,518,500
Unity Foods 5,259,000

 

Sector Volume

Top Sector by Volume

Technology & Communication 43,652,500
Cement 36,221,500
Commercial Banks 29,403,200
Engineering 14,329,000
Transport 11,328,700
Oil & Gas Marketing Companies 9,825,600
Chemical 9,037,817
Power Generation & Distribution 8,700,500
Fertilizer 8,303,700
Inv. Banks / Inv. Cos. / Securities Cos. 6,889,900

 

 

Copyright Mettis Link News

 

Posted on: 2019-10-29T18:11:00+05:00

30831