Closing Bell: A Nightmare on Chundrigarh Road...

February 28, 2020 (MLN): This week turned out to be nothing less than a nightmare for the equity markets, as the negative sentiments and apprehensions emanating from the plague kept the investors from taking any risks.

The Kse-100 index, as well as several other stock markets across the globe, witnessed yet another blow on Friday, with the former reporting losses of 103 points and closing at 37,983-mark.

Of the 95 traded companies in the KSE100 Index 46 closed up 45 closed down, while 4 remained unchanged. Total volume traded for the index was 163.20 million shares.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 130 points, Commercial Banks with 90 points, Power Generation & Distribution with 32 points, Oil & Gas Marketing Companies with 16 points and Chemical with 9 points.

The most points taken off the index was by HBL which stripped the index of 46 points followed by PPL with 45 points, OGDC with 40 points, MCB with 35 points and POL with 31 points.

Sectors propping up the index were Cement with 74 points, Fertilizer with 54 points, Pharmaceuticals with 18 points, Automobile Assembler with 10 points and Inv. Banks / Inv. Cos. / Securities Cos. with 9 points.

The most points added to the index was by ENGRO which contributed 39 points followed by LUCK with 34 points, MEBL with 29 points, FFC with 18 points and SEARL with 17 points.

All Share Volume decreased by 47.07 Million to 202.18 Million Shares. Market Cap decreased by Rs.29.90 Billion.

Total companies traded were 358 compared to 361 from the previous session. Of the scrips traded 173 closed up, 161 closed down while 24 remained unchanged.

Total trades decreased by 10,399 to 79,056.

Value Traded decreased by 1.40 Billion to Rs.8.61 Billion

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