Closing Bell: Blue’s clues

October 08, 2019 (MNL): Breaking a seven-day long streak, the KSE-100 index lost nearly 160 points on Tuesday and concluded the session at 33,476-mark.

Despite starting on a positive note, the benchmark index couldn’t sustain its positive stance for long and ultimately became a prey to unremitting need of investors to indulge in profit-taking.

The Index traded in a range of 467.50 points or 1.39 percent of previous close, showing an intraday high of 33,876.62 and a low of 33,409.12.

Of the 91 traded companies in the KSE100 Index 31 closed up whereas 60 closed down. Total volume traded for the index was 169.77 million shares.

Sector wise, the index was let down by Oil & Gas Marketing Companies with 31 points, Cement with 29 points, Power Generation & Distribution with 21 points, Oil & Gas Exploration Companies with 18 points and Pharmaceuticals with 17 points.

The most points taken off the index was by PPL which stripped the index of 35 points followed by PSO with 22 points, ENGRO with 20 points, HUBC with 20 points and SEARL with 15 points.

Sectors propping up the index were Chemical with 6 points, Automobile Assembler with 3 points, Leather & Tanneries with 2 points, Paper & Board with 2 points and Cable & Electrical Goods with 1 points.

The most points added to the index was by HBL which contributed 20 points, followed by FFC with 14 points. Moreover, POL, MARI and COLG contributed 11 points each to the index.

All Share Volume decreased by 149.13 Million to 243.03 Million Shares. Market Cap decreased by Rs.27.32 Billion.

Total companies traded were 388 compared to 422 from the previous session. Of the scrips traded 130 closed up, 243 closed down while 15 remained unchanged.

Total trades decreased by 13,949 to 89,466.

Value Traded decreased by 1.21 Billion to Rs.8.91 Billion

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