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Closing Bell: Another lackluster session

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January 23, 2020 (MLN): The KSE-100 index continued its downward trajectory. However, the index opened on a positive note and observed volatile trading throughout the session.

At the end of trading, the benchmark KSE-100 Index ended up in the red zone by losing 54 points and settled at 42,506 level.

Investors have remained in the shadow of the bears as the KSE-100 has been down for the fourth day in a row and has lost 658 points this week due to dearth of market-moving triggers.

The Index traded in a range of 471.91 points or 1.11 per cent of the previous close, showing an intraday high of 42,907.31 and a low of 42,435.40.

Of the 95 traded companies in the KSE100 Index, 43 closed up 47 closed down, while 5 remained unchanged. Total volume traded for the index was 160.43 million shares.

Sector-wise, the index was let down by Tobacco with 32 points, Power Generation & Distribution with 14 points, Automobile Assembler with 14 points, Oil & Gas Exploration Companies with 11 points and Oil & Gas Marketing Companies with 11 points.

The most points taken off the index was by PAKT which stripped the index of 32 points followed by LUCK with 14 points, HUBC with 13 points, OGDC with 12 points and HMB with 11 points.

Sectors propping up the index were Chemical with 14 points, Commercial Banks with 9 points, Textile Composite with 9 points, Technology & Communication with 9 points and Leather & Tanneries with 6 points.

The most points added to the index was by HBL which contributed 24 points followed by COLG with 17 points, EFERT with 9 points, BAFL with 7 points and SRVI with 6 points.

All Share Volume increased by 52.84 Million to 230.83 Million Shares. Market Cap decreased by Rs.28.33 Billion.

Total companies traded were 368 compared to 352 from the previous session. Of the scrips traded 154 closed up, 190 closed down while 24 remained unchanged.

Total trades increased by 9,387 to 85,015.

Value Traded increased by 0.48 Billion to Rs.9.77 Billion

Company Volume

Top Ten by Volume

Maple Leaf Cement Factory 27,576,500
Worldcall Telecom 16,497,000
Fauji Cement Company 13,624,500
D.G. Khan Cement Company 12,823,000
The Bank of Punjab 12,494,000
TRG Pakistan 7,557,000
Hascol Petroleum 7,483,000
Unity Foods 7,450,000
Pioneer Cement 7,258,500
Cherat Cement Company 5,138,500

 

Sector Volume

Top Sector by Volume

Cement 79,363,200
Technology & Communication 34,955,000
Commercial Banks 21,857,600
Oil & Gas Marketing Companies 11,694,100
Vanaspati & Allied Industries 7,450,500
Engineering 7,348,000
Power Generation & Distribution 6,321,000
Transport 6,205,500
Refinery 5,559,700
Fertilizer 5,550,300

 

 

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Posted on: 2020-01-23T17:13:00+05:00

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