Closing Bell: And another dip…

June 17, 2019 (MLN): The four day long ascent that had been leading the market participants deeper into the green zone, observed an abrupt dip at today’s intraday trade of securities as the trading floors witnessed profit-taking and sell-off.

The benchmark KSE-100 index ended the session with a 404 points or 1.14 percent decline to close at 35,168 points.

The Index traded in a range of 514 points or 1.45 percent of previous close, showing an intraday high of 35,624 and a low of 35,109.

Of the 93 traded companies in the KSE-100 Index 20 closed up 71 closed down, while 2 remained unchanged. Total volume traded for the index was 87.30 million shares.

Sector wise, the index was let down by Commercial Banks with 117 points, Oil & Gas Exploration Companies with 77 points, Fertilizer with 64 points, Power Generation & Distribution with 28 points and Pharmaceuticals with 21 points.

The most points taken off the index was by MCB which stripped the index of 30 points followed by FFC with 30 points, OGDC with 28 points, PPL with 24 points and LUCK with 23 points.

On the other hand, the All Share Volume decreased by 39.74 Million to 128.14 Million Shares. Market Cap decreased by Rs.77.80 Billion.

Total companies traded were 347 compared to 338 from the previous session. Of the scrips traded 89 closed up, 236 closed down while 22 remained unchanged.

Total trades decreased by 18,921 to 44,379.

Value Traded decreased by 2.60 Billion to Rs.4.96 Billion

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