Closing Bell: Bound and Determined

July 20, 2020 (MLN): The KSE-100 index started the week on the same note as it closed the previous one at, as it went on to gain a further 319 points and closed at 37,650-mark.

Besides the flattening of the curve of COVID-19 cases in Pakistan, the factors that contributed to the upliftment of the index include the discovery of gas by Mari Petroleum Company at its exploratory well Hilal-1, as well as the increase in FDI by as much as 88% during FY20.

The Index remained positive throughout the session touching an intraday high of 37,742.10

Of the 99 traded companies in the KSE100 Index 69 closed up 25 closed down, while 5 remained unchanged. Total volume traded for the index was 328.10 million shares.

Sectors propping up the index were Power Generation & Distribution with 72 points, Cement with 47 points, Oil & Gas Exploration Companies with 27 points, Textile Composite with 26 points and Engineering with 24 points.

The most points added to the index was by HUBC which contributed 56 points followed by FCCL with 24 points, TRG with 19 points, KAPCO with 15 points and LUCK with 14 points.

Sector wise, the index was let down by Tobacco with 16 points, Miscellaneous with 2 points and Leather & Tanneries with 1 points.

The most points taken off the index was by ENGRO which stripped the index of 12 points followed by PAKT with 11 points, UBL with 9 points, HMB with 8 points and NESTLE with 8 points.

All Share Volume increased by 87.76 Million to 553.82 Million Shares. Market Cap increased by Rs.38.32 Billion.

Total companies traded were 414 compared to 386 from the previous session. Of the scrips traded 269 closed up, 123 closed down while 22 remained unchanged.

Total trades increased by 27,233 to 182,741.

Value Traded increased by 3.69 Billion to Rs.19.52 Billion

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