Closing Bell: A lackluster start to the year

July 1, 2019 (MLN): Having tasted the sweet taste of victory in the last session of outgoing fiscal year, the local equity markets concluded today’s trade in consolidation as the benchmark KSE-100 index gained 94.75 points to close at 33,996.33, following mixed sentiments channeled by market participants.

Sectors propping up the index were Fertilizer with 60 points, Commercial Banks with 35 points, Food & Personal Care Products with 19 points, Paper & Board with 9 points and Insurance with 7 points.

The most points added to the index was by FFC which contributed 41 points followed by NESTLE with 32 points, HBL with 30 points, NBP with 18 points and EFERT with 13 points.

Sector wise, the index was let down by Cement with 16 points, Tobacco with 12 points, Pharmaceuticals with 7 points, Inv. Banks / Inv. Cos. / Securities Cos. with 5 points and Close - End Mutual Fund with 5 points.

The most points taken off the index was by MCB which stripped the index of 20 points followed by PMPK with 12 points, LUCK with 8 points, ABOT with 8 points and MEBL with 7 points.

The Index traded in a range of 242.63 points or 0.72 percent of previous close, showing an intraday high of 34,068 and a low of 33,825.

Of the 92 traded companies in the KSE-100 Index 44 closed up 45 closed down, while 3 remained unchanged. Total volume traded for the index was 37.68 million shares.

All Share Volume decreased by 165.86 Million to 48.05 Million Shares. The only time volume was lower than this in FY2019 was on May 5, 2019 when it fell to 39.28 Million Shares

Total companies traded were 314 compared to 338 from the previous session. Of the scrips traded 155 closed up, 140 closed down while 19 remained unchanged.

Total trades decreased by 26,219 to 23,264.

Value Traded decreased by 4.57 Billion to Rs.1.77 Billion

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