January 08, 2020 (MLN): World's major stock markets plunged today as investors took fright at mounting tension between the United States and Iran after Tehran launched missile attacks on US targets in Iraq in retaliation to killing its top general. The Iranian strike spiked the oil prices which drove down the global stocks.
Accordingly, the KSE-100 Index stumbled today as stocks slid at the open and finished at 41,357 level by losing 547 points or 1.31% decrease from yesterday’s close.
The Index traded in a range of 768.32 points or 1.83 percent of previous close, showing an intraday high of 41,939.47 and a low of 41,171.15.
Of the 92 traded companies in the KSE100 Index 12 closed up 79 closed down, while 1 remained unchanged. Total volume traded for the index was 209.28 million shares.
Sector wise, the index was let down by Commercial Banks with 148 points, Oil & Gas Exploration Companies with 77 points, Power Generation & Distribution with 62 points, Fertilizer with 55 points and Oil & Gas Marketing Companies with 37 points.
The most points taken off the index was by HBL which stripped the index of 104 points followed by PPL with 49 points, HUBC with 42 points, FFC with 37 points and NBP with 19 points.
Sectors propping up the index were Inv. Banks / Inv. Cos. / Securities Cos. with 29 points and Food & Personal Care Products with 9 points.
The most points added to the index was by DAWH which contributed 37 points followed by LUCK with 32 points, NATF with 11 points, FABL with 8 points and MARI with 6 points.
All Share Volume increased by 73.18 Million to 280.07 Million Shares. Market Cap decreased by Rs.87.55 Billion.
Total companies traded were 353 compared to 365 from the previous session. Of the scrips traded 42 closed up, 292 closed down while 19 remained unchanged.
Total trades increased by 8,163 to 90,514.
Value Traded increased by 2.51 Billion to Rs.11.69 Billion
| Company | Volume |
|---|---|
| K-Electric | 39,458,000 |
| The Bank of Punjab | 38,190,000 |
| TRG Pakistan | 11,552,000 |
| Maple Leaf Cement Factory | 11,457,000 |
| Siddiqsons Tin Plate | 10,656,000 |
| Unity Foods | 10,328,500 |
| Pakistan State Oil Company | 8,739,800 |
| Fauji Foods | 8,260,000 |
| Hascol Petroleum | 7,027,000 |
| Worldcall Telecom | 5,180,500 |
| Sector | Volume |
|---|---|
| Commercial Banks | 54,925,800 |
| Power Generation & Distribution | 44,935,500 |
| Cement | 26,949,300 |
| Technology & Communication | 23,665,200 |
| Oil & Gas Marketing Companies | 19,991,100 |
| Miscellaneous | 11,091,700 |
| Vanaspati & Allied Industries | 10,331,100 |
| Food & Personal Care Products | 9,762,580 |
| Chemical | 9,350,390 |
| Textile Composite | 8,649,550 |
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