Closing Bell: Blowin' in the Wind

November 26, 2019 (MLN): Following a highly volatile session, the KSE-100 index lost nearly 417 points on Tuesday and settled at 37,795 level.

The benchmark index started the day on a positive note, but quickly lost impetus after the reports regarding suspension of COAS extension by the Supreme Court started to surface.

The Index traded in a range of 1032.16 points or 2.70 percent of previous close, showing an intraday high of 38,568.05 and a low of 37,535.89.

Of the 95 traded companies in the KSE100 Index 29 closed up whereas 66 closed down. Total volume traded for the index was 334.18 million shares.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 101 points, Commercial Banks with 95 points, Power Generation & Distribution with 92 points, Cement with 56 points and Oil & Gas Marketing Companies with 49 points.

The most points taken off the index was by HUBC which stripped the index of 74 points followed by OGDC with 61 points, MCB with 45 points, PSO with 34 points and LUCK with 31 points.

Sectors propping up the index were Fertilizer with 19 points, Insurance with 15 points, Engineering with 12 points, Cable & Electrical Goods with 4 points and Paper & Board with 3 points.

The most points added to the index was by ENGRO which contributed 46 points followed by AICL with 8 points, SYS with 8 points, EFUG with 7 points and COLG with 6 points.

All Share Volume increased by 247.17 Million to 488.70 Million Shares. Market Cap decreased by Rs.70.10 Billion.

Total companies traded were 378 compared to 386 from the previous session. Of the scrips traded 133 closed up, 234 closed down while 11 remained unchanged.

Total trades increased by 59,773 to 146,124.

Value Traded increased by 9.63 Billion to Rs.18.40 Billion

Copyright Mettis Link News