Closing Bell: Boom, Boom, Ciao!

March 3, 2020 (MLN): Taking inspiration from yesterday’s strong close, domestic equity market observed a short spell of a bull run in early hours, however, later, it dropped gradually to close at 39,199 level, after losing around 96 points on profit-taking.

The Index traded in a range of 805.30 points or 2.05 percent of the previous close, showing an intraday high of 39,866.46 and a low of 39,061.16.

Of the 95 traded companies in the KSE100 Index, 49 closed up 43 closed down, while 3 remained unchanged. Total volume traded for the index was 175.62 million shares.

Sector-wise, the index was let down by Fertilizer with 101 points, Power Generation & Distribution with 42 points, Commercial Banks with 32 points, Automobile Assembler with 16 points and Inv. Banks / Inv. Cos. / Securities Cos. with 13 points.

The most points taken off the index was by FFC which stripped the index of 44 points followed by ENGRO with 40 points, HUBC with 37 points, LUCK with 32 points and EFERT with 17 points.

Sectors propping up the index were Oil & Gas Exploration Companies with 52 points, Technology & Communication with 23 points, Oil & Gas Marketing Companies with 19 points, Chemical with 7 points and Cable & Electrical Goods with 4 points.

The most points added to the index was by PPL which contributed 23 points followed by OGDC with 18 points, TRG with 15 points, HASCOL with 15 points and POL with 14 points.

All Share Volume increased by 10.02 Million to 225.28 Million Shares. Market Cap decreased by Rs.3.43 Billion.

Total companies traded were 361 compared to 371 from the previous session. Of the scrips traded 167 closed up, 176 closed down while 18 remained unchanged.

Total trades increased by 3,634 to 84,222.

Value Traded decreased by 0.30 Billion to Rs.8.76 Billion

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