Closing Bell: Bearish sentiments rise among investors due to FATF result

October 18, 2019 (MLN): After witnessing a series of ups and downs at the trading floors today, the market participants seemed to be in a fix as the result of FATF announced today wherein Pakistan retained its position on a grey list of countries.

The Benchmark KSE-100 index concluded today’s session by losing merely 28 points and closed at 33,870 points.

The Index traded in a range of 428.51 points or 1.26 percent of previous close, showing an intraday high of 34,094.92 and a low of 33,666.41.

Of the 91 traded companies in the KSE100 Index 32 closed up 54 closed down, while 5 remained unchanged. Total volume traded for the index was 90.16 million shares.

Sector wise, the index was let down by Commercial Banks with 52 points, Tobacco with 37 points, Chemical with 12 points, Automobile Assembler with 12 points and Power Generation & Distribution with 7 points.

The most points taken off the index was by HBL which stripped the index of 39 points followed by PAKT with 27 points, OGDC with 16 points, INDU with 12 points and PMPK with 10 points.

Sectors propping up the index were Fertilizer with 104 points, Inv. Banks / Inv. Cos. / Securities Cos. with 6 points, Food & Personal Care Products with 5 points, Cement with 2 points and Paper & Board with 1 points.

The most points added to the index was by ENGRO which contributed 56 points followed by EFERT with 41 points, NESTLE with 12 points, FFC with 11 points and MARI with 10 points.

All Share Volume decreased by 22.77 Million to 115.23 Million Shares. Market Cap decreased by Rs.41.49 Billion.

Total companies traded were 367 compared to 364 from the previous session. Of the scrips traded 136 closed up, 207 closed down while 24 remained unchanged.

Total trades increased by 2,974 to 48,333.

Value Traded increased by 1.13 Billion to Rs.4.90 Billion

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