Closing Bell: Another day, another victory

Sep 12, 2019 (MNL): The benchmark KSE 100 index has nailed another success on trading floors by gaining 591 points in today’s trade and yanking up the index to 31,546 points. Expectation of rate cut was the primary reason of positivity among investors.

The Index traded in a range of 890.42 points or 2.88 percent of previous close, showing an intraday high of 31,841.27 and a low of 30,950.85.

Of the 90 traded companies in the KSE100 Index 74 closed up 11 closed down, while 5 remained unchanged. Total volume traded for the index was 145.29 million shares.

Sectors propping up the index were Commercial Banks with 179 points, Fertilizer with 111 points, Cement with 75 points, Power Generation & Distribution with 51 points and Oil & Gas Exploration Companies with 51 points.

The most points added to the index was by BAHL which contributed 49 points followed by LUCK with 48 points, FFC with 42 points, ENGRO with 41 points and PPL with 39 points.

The most points taken off the index was by MUREB which stripped the index of 10 points followed by KTML with 4 points, HASCOL with 2 points, AGIL with 2 points and SML with 1 point.

All Share Volume increased by 86.18 Million to 185.84 Million Shares. Market Cap increased by Rs.83.69 Billion.

Total companies traded were 360 compared to 346 from the previous session. Of the scrips traded 262 closed up, 79 closed down while 19 remained unchanged.

Total trades increased by 19,620 to 63,634.

Value Traded increased by 3.18 Billion to Rs.8.12 Billion

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