June 4, 2020 (MLN): Domestic equities slumped on Thursday as the KSE-100 index lost around 282 points in today’s session and closed at 34,119-mark, i.e. down by 0.82% from yesterday’s closing.

The absence of positive triggers, economic uncertainty and the rising Covid-19 cases in the country kept investors’ sentiments in check as the benchmark index remained negative throughout the session today.

The Index traded in a range of 311.49 points or 0.91 percent of previous close, showing an intraday high of 34,404.12 and a low of 34,092.63.

Of the 96 traded companies in the KSE100 Index 26 closed up 68 closed down, while 2 remained unchanged. Total volume traded for the index was 104.19 million shares.

Sector wise, the index was let down by Commercial Banks with 85 points, Oil & Gas Exploration Companies with 79 points, Power Generation & Distribution with 34 points, Cement with 28 points and Food & Personal Care Products with 24 points.

The most points taken off the index was by OGDC which stripped the index of 34 points followed by HUBC with 31 points, PPL with 28 points, MCB with 27 points and UBL with 24 points.

Sectors propping up the index were Automobile Parts & Accessories with 7 points, Tobacco with 4 points, Transport with 4 points, Paper & Board with 3 points and Pharmaceuticals with 3 points.

The most points added to the index was by SNGP which contributed 9 points followed by ANL with 8 points, ABOT with 7 points, PMPK with 7 points and FFC with 5 points.

All Share Volume increased by 13.69 Million to 143.64 Million Shares. Market Cap decreased by Rs.55.08 Billion.

Total companies traded were 341 compared to 356 from the previous session. Of the scrips traded 93 closed up, 223 closed down while 25 remained unchanged.

Total trades decreased by 3,085 to 70,067.

Value Traded decreased by 1.27 Billion to Rs.5.55 Billion

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