Closing Bell: A Silver Lining!

April 7, 2020 (MLN): The KSE-100 index gained around 652 points in today’s session and closed at 31,231-mark, which is 2.13% higher than the closing of the previous session. Recovery in oil prices on the back of fresh hopes an OPEC-led meeting scheduled for this week boosted investors’ confidence for today.

The Index traded in a range of 727.78 points or 2.38 percent of previous close, showing an intraday high of 31,306.30 and a low of 30,578.52.

Of the 93 traded companies in the KSE100 Index 72 closed up 20 closed down, while 1 remained unchanged. Total volume traded for the index was 142.65 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 169 points, Commercial Banks with 118 points, Cement with 118 points, Power Generation & Distribution with 74 points and Fertilizer with 46 points.

The most points added to the index was by PPL which contributed 72 points followed by HUBC with 71 points, OGDC with 70 points, HBL with 66 points and LUCK with 51 points.

Sector wise, the index was let down by Automobile Parts & Accessories with 7 points, Sugar & Allied Industries with 4 points, Real Estate Investment Trust with 1 points and Leasing Companies with 1 points.

The most points taken off the index was by NBP which stripped the index of 9 points followed by BAHL with 9 points, THALL with 7 points, JDWS with 4 points and MUREB with 4 points.

All Share Volume decreased by 60.56 Million to 172.77 Million Shares. Market Cap increased by Rs.113.47 Billion.

Total companies traded were 335 compared to 339 from the previous session. Of the scrips traded 215 closed up, 100 closed down while 20 remained unchanged.

Total trades decreased by 21,918 to 78,978.

Value Traded decreased by 1.96 Billion to Rs.6.75 Billion

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