Closing Bell: Bears – 6, Bulls – 0

News Image

By MG News | August 08, 2019 at 05:56 PM GMT+05:00

0:00

Aug 08, 2019 (MNL): The stock market participants are seemingly at the edge of their seats and are launching into sell-offs at the drop of a hat! Amid depleting economic indicators and political uncertainty within the country, the Kashmir issue couldn’t have popped up at a worse time for Pakistan.

The KSE – 100 index’s trading trend as of late, paints a depressing picture as it has lost a whopping net total of 2,200 points in merely 6 days. In the first month of FY20 alone, the market cap has gone down by Rs.503 billion or $3.029 billion whereas in the first 6 session of August, the market cap has decreased by an additional Rs.334.410 billion or $1.774 billion.

While passing by, we have also noticed that the market cap has eroded by $33 billion since June end in 2018, or in simpler words, by 31% of the country’s current external debt.

The benchmark index currently stands close at 29,738 having lost 539 points in today’s trade alone. This is the lowest the 100 – index has been in the last 4 years, i.e. since March 30, 2015.

The Index remained negative throughout the session touching an intraday low of 29,401.76

Of the 92 traded companies in the KSE100 Index 22 closed up 69 closed down, while 1 remained unchanged. Total volume traded for the index was 90.52 million shares.

Sector wise, the index was let down by Commercial Banks with 213 points, Oil & Gas Exploration Companies with 150 points, Power Generation & Distribution with 62 points, Cement with 34 points and Automobile Assembler with 26 points.

The most points taken off the index was by HBL which stripped the index of 55 points followed by POL with 54 points, OGDC with 53 points, MCB with 51 points and HUBC with 43 points.

All Share Volume increased by 43.80 Million to 109.10 Million Shares. Market Cap decreased by Rs.73.55 Billion.

Total companies traded were 338 compared to 326 from the previous session. Of the scrips traded 76 closed up, 238 closed down while 24 remained unchanged.

Total trades increased by 11,778 to 44,916.

Value Traded increased by 1.60 Billion to Rs.4.34 Billion

Company Volume

Top Ten by Volume

K-Electric 10,321,000
Unity Foods 7,769,000
Maple Leaf Cement Factory 6,652,000
Lotte Chemical Pakistan 5,420,500
International Steels 3,974,500
The Bank of Punjab 3,720,500
Nishat Mills 3,417,100
Faysal Bank 2,926,500
Oil & Gas Development Company 2,743,900
TRG Pakistan 2,685,500
Sector Volume

Top Sector by Volume

Cement 15,231,100
Power Generation & Distribution 14,070,000
Commercial Banks 13,550,900
Vanaspati & Allied Industries 7,769,000
Chemical 7,201,100
Engineering 6,370,100
Fertilizer 6,303,000
Oil & Gas Exploration Companies 5,897,340
Oil & Gas Marketing Companies 5,549,400
Textile Composite 5,245,500

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 127,639.84
251.51M
1.60%
2012.52
ALLSHR 79,488.50
723.94M
1.15%
903.79
KSE30 38,855.49
85.70M
1.84%
701.71
KMI30 186,605.66
103.11M
0.93%
1719.17
KMIALLSHR 54,138.67
403.59M
0.70%
374.86
BKTi 32,857.88
40.05M
2.93%
936.20
OGTi 27,882.85
5.94M
0.39%
108.87
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,465.00 108,105.00
107,040.00
-770.00
-0.71%
BRENT CRUDE 66.88 66.93
66.34
0.14
0.21%
RICHARDS BAY COAL MONTHLY 97.00 0.00
0.00
0.20
0.21%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.23 65.27
64.67
0.12
0.18%
SUGAR #11 WORLD 16.12 16.21
16.08
-0.08
-0.49%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg