Closing Bell: Bears stay in front seat

January 21, 2020 (MLN): Bears continued to stay in the front seat at the KSE- 100 index today by upholding the negative drive throughout the session, as investors’ sentiments was roiled amid lack of positive triggers.

The index after losing 121 points, closed in red at 42,626 mark or 0.28% down from yesterday’s close.

The Index traded in a range of 627.72 points or 1.47 percent of previous close, showing an intraday high of 42,965.41 and a low of 42,337.69.

Of the 92 traded companies in the KSE100 Index 37 closed up 54 closed down, while 1 remained unchanged. Total volume traded for the index was 122.51 million shares.

Sector wise, the index was let down by Fertilizer with 139 points, Cement with 15 points, Insurance with 7 points, Chemical with 7 points and Pharmaceuticals with 5 points.

The most points taken off the index was by ENGRO which stripped the index of 88 points followed by EFERT with 35 points, FFC with 18 points, HBL with 9 points and PPL with 8 points.

Sectors propping up the index were Inv. Banks / Inv. Cos. / Securities Cos. with 36 points, Power Generation & Distribution with 30 points, Commercial Banks with 7 points, Food & Personal Care Products with 5 points and Technology & Communication with 4 points.

The most points added to the index was by DAWH which contributed 33 points followed by HUBC with 27 points, MEBL with 9 points, UBL with 9 points and PSO with 8 points.

All Share Volume increased by 3.67 Million to 177.57 Million Shares. Market Cap decreased by Rs.19.11 Billion.

Total companies traded were 344 compared to 353 from the previous session. Of the scrips traded 127 closed up, 205 closed down while 12 remained unchanged.

Total trades increased by 65,533 to 65,533.

Value Traded decreased by 0.24 Billion to Rs.6.81 Billion

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