Closing Bell: Breaking Bad?

April 28, 2020 (MLN): The KSE-100 index ended the trading session on Tuesday with a 238.82 point or 0.74 percent gain to close at 32,553.39.

The local capital markets’ performance went hand in hand with international counterparts, after governments across the world started to ease coronavirus lockdown measures. However, oil prices tumbled as a supply glut overwhelmed output cut which took a toll on the E&P Sector.

The Index traded in a range of 349.86 points or 1.08 percent of previous close, showing an intraday high of 32,634.64 and a low of 32,284.78.

Of the 91 traded companies in the KSE100 Index 56 closed up 31 closed down, while 4 remained unchanged. Total volume traded for the index was 124.87 million shares.

Sectors propping up the index were Cement with 93 points, Power Generation & Distribution with 46 points, Food & Personal Care Products with 45 points, Fertilizer with 32 points and Oil & Gas Marketing Companies with 22 points.

The most points added to the index was by HUBC which contributed 50 points followed by ENGRO with 37 points, LUCK with 33 points, NESTLE with 23 points and PSO with 20 points.

Sector wise, the index was let down by Commercial Banks with 40 points, Inv. Banks / Inv. Cos. / Securities Cos. with 13 points, Tobacco with 9 points, Refinery with 3 points and Oil & Gas Exploration Companies with 3 points.

The most points taken off the index was by BAFL which stripped the index of 23 points followed by UBL with 19 points, HBL with 14 points, DAWH with 13 points and PPL with 12 points.

All Share Volume increased by 37.13 Million to 159.41 Million Shares. Market Cap increased by Rs.33.18 Billion.

Total companies traded were 325 compared to 328 from the previous session. Of the scrips traded 174 closed up, 129 closed down while 22 remained unchanged.

Total trades decreased by 581 to 63,045.

Value Traded increased by 0.50 Billion to Rs.5.84 Billion

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