Closing Bell: All's well that ends well

June 28, 2019 (MLN): The local equity market, like the interbank, seemed determined to bid farewell to fiscal year 2018-19 on a positive note as benchmark KSE 100 index broke a four-day-long losing streak to end today’s trading session 127 points higher than yesterday’s closing, thus ending FY19 at 33,901 points.

During the outgoing year, the 100 – index’s performance crumbled by over 8,000 points or 19% as FY18 had left the index at around 41,997 points. In addition to this, the year observed an all-time high of 43,638 points and an overall low of 32,352 points.

The Index traded in a range of 530.55 points today, showing an intraday high of 33,938 and a low of 33,408.

Of the 95 traded companies in the KSE100 Index 61 closed up 30 closed down, while 4 remained unchanged. Total volume traded for the index was 149.24 million shares.

Sectors propping up the index were Cement with 48 points, Automobile Assembler with 25 points, Pharmaceuticals with 21 points, Oil & Gas Marketing Companies with 15 points and Power Generation & Distribution with 14 points.

The most points added to the index was by LUCK which contributed 20 points followed by MTL with 12 points, KEL with 12 points, PSO with 11 points and HMB with 11 points.

Meanwhile, the KSE All Share Volume increased by 78.89 Million to 213.91 Million Shares. Market Cap increased by Rs.30.18 Billion.

Total companies traded were 338 compared to 326 from the previous session. Of the scrips traded 204 closed up, 109 closed down while 25 remained unchanged.

Total trades increased by 9,265 to 49,483.

Value Traded increased by 1.77 Billion to Rs.6.34 Billion

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