Closing Bell: Break on through to the other side

November 03, 2020 (MLN): The Pakistan Stock Exchange (PSX) ended on an impressive note on Tuesday as investors cherished the lower than expected inflation figures.

The market gained impetus from the recovery in global equities and international oil prices that boosted investors’ sentiments, said Aba Ali Habib’s closing note.

Furthermore, recovery in exports which crossed the $2bn mark and reached pre-covid-19 level coupled with the expected increase in cement dispatches influenced investors' trading strategy, the research added.

The KSE-100 index concluded the session with a gain of 1,368 points or 3.50% at 40,480, snapping a losing streak. The Index remained positive throughout the session touching an intraday high of 40,497.67

Of the 95 traded companies in the KSE100 Index, 93 closed up 2 closed down, while 0 remained unchanged. The total volume traded for the index was 229.35 million shares.

Sectors propping up the index were Commercial Banks with 356 points, Oil & Gas Exploration Companies with 170 points, Cement with 157 points, Oil & Gas Marketing Companies with 95 points and Fertilizer with 91 points.

The most points added to the index was by HBL which contributed 83 points followed by UBL with 79 points, POL with 70 points, LUCK with 64 points and ENGRO with 61 points.

Sector-wise, the index was let down by Close - End Mutual Fund with 1 points.

The most points taken off the index was by COLG which stripped the index of 6 points followed by HGFA with 1 point.

All Share Volume increased by 61.66 Million to 383.95 Million Shares. Market Cap increased by Rs.227.43 Billion.

Total companies traded were 402 compared to 396 from the previous session. Of the scrips traded 344 closed up, 51 closed down while 7 remained unchanged.

Total trades increased by 17,113 to 128,364.

Value Traded increased by 1.83 Billion to Rs.13.79 Billion

Copyright Mettis Link News