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Closing Bell: A steady ascent to green district

April 11, 2019 (MLN): After yesterday’s bearish rally that cost the KSE – 100 index 550 points and pushed it below the 37,000 points mark for a second time in prior three days, the bulls paid a visit to the stock exchange in today’s session.

By the time closing bells went off on trading floors today, the benchmark index had recovered 208 points out of the 550 points lost to yesterday’s depressing session. However, today’s recovery failed to pull the index back above the 37,000 point benchmark, as it concluded the trade at 36,787 points.

The victory was mainly charged on the performance of Commercial Banks and Oil & Gas Exploration Companies as they collectively pitched in 97 points to the index. In particular, the scrips of OGDC, PSO, HUBC, LUCK and HBL kept the index afloat.

In contrast, Cement sector performed the worst today and collective losses on the scrips of DGKC, FCCL and MLCF took away around 15 points from the index.

Within the benchmark index, 101.7 million shares were traded today at PKR 3.99 billion. In various proportions, these shares belonged to 92 listed companies of which 57 companies recorded a rise in share price while 28 companies recorded declines.

In contrast, the broader KSE All Share index gained 140 points today, concluding the day at 27,070 points.

A total of 143.8 million share were traded within this index, at PKR 4.4 billion.

Copyright Mettis Link News

Posted on: 2019-04-11T16:26:00+05:00

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