Closing Bell: A steady descent to red zone

September 20, 2019 (MLN): The domestic equity market landed on consolidated today, lost only 72 points or 0.23% from the previous day’s closing and arrived at 32,111 points.

The Index traded in a range of 272.68 points or 0.85 percent of previous close, showing an intraday high of 32,331.11 and a low of 32,058.43.

Of the 92 traded companies in the KSE100 Index 27 closed up 60 closed down, while 5 remained unchanged. Total volume traded for the index was 120.35 million shares.

Sector wise, the index was let down by Cement with 43 points, Commercial Banks with 25 points, Technology & Communication with 11 points, Textile Composite with 7 points and Oil & Gas Exploration Companies with 7 points.

The most points taken off the index was by OGDC which stripped the index of 22 points followed by HBL with 19 points, LUCK with 18 points, FCCL with 8 points and TRG with 8 points.

Sectors propping up the index were Inv. Banks / Inv. Cos. / Securities Cos. with 29 points, Oil & Gas Marketing Companies with 15 points, Miscellaneous with 6 points, Paper & Board with 5 points and Insurance with 1 points.

The most points added to the index was by DAWH which contributed 30 points followed by PPL with 20 points, PSO with 14 points, BAFL with 12 points and EPCL with 7 points.

All Share Volume increased by 16.71 Million to 153.28 Million Shares. Market Cap decreased by Rs.12.43 Billion.

Total companies traded were 351 compared to 357 from the previous session. Of the scrips traded 138 closed up, 195 closed down while 18 remained unchanged.

Total trades increased by 2,377 to 59,394.

Value Traded decreased by 0.07 Billion to Rs.5.82 Billion

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