Closing Bell: A wonderful new world

October 8, 2020 (MNL): The KSE-100 index ended the trading session on Thursday with a 503.66 point or 1.26 percent gain to close at 40,353.62.

The benchmark index remained positive throughout the session wherein it touched an intraday high of 40,414.23, owing to positive momentum caused by increase in the international oil prices to over $40/bbl. While E&P sector enjoyed the maximum gains due to this, the cement sector benefitted from SBP’s decision to incentivize lending by banks to Naya Pakistan Housing Scheme

Of the 94 traded companies in the KSE100 Index 60 closed up and 34 closed down. Total volume traded for the index was 355.09 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 123 points, Cement with 82 points, Oil & Gas Marketing Companies with 73 points, Commercial Banks with 70 points and Fertilizer with 68 points.

The most points added to the index was by OGDC which contributed 62 points followed by PSO with 46 points, PPL with 33 points, POL with 29 points and HBL with 28 points.

Sector wise, the index was let down by Automobile Parts & Accessories with 8 points, Inv. Banks / Inv. Cos. / Securities Cos. with 6 points, Transport with 3 points and Insurance with 2 points.

The most points taken off the index was by BAHL which stripped the index of 20 points followed by BAFL with 6 points, THALL with 6 points, PSX with 5 points and DGKC with 5 points.

All Share Volume increased by 44.91 Million to 476.87 Million Shares. Market Cap increased by Rs.80.02 Billion.

Total companies traded were 411 compared to 425 from the previous session. Of the scrips traded 240 closed up, 155 closed down while 16 remained unchanged.

Total trades increased by 12,232 to 147,187.

Value Traded increased by 2.24 Billion to Rs.15.77 Billion

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