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Closing Bell: Bull Mode Continues

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 November 19, 2019 (MLN): The KSE-100 index opened 313 points higher than the previous day’s closing point. According to Ismail Iqbal Securities (Pvt.) Ltd, investors were expecting the positive momentum to continue after the current account turned positive with USD 99mn surplus in October 2019, supported by a significant decline in imports and slight growth in exports.

Later, investors chose to book profits. During the session, the index registered an increase of 152 pts and closed at 38,564.

The Index traded in a range of 518.82 points or 1.35 per cent of the previous close, showing an intraday high of 38,910.71 and a low of 38,391.89.

Of the 94 traded companies in the KSE100 Index, 49 closed up 43 closed down, while 2 remained unchanged. The total volume traded for the index was 246.09 million shares.

Sectors propping up the index were Power Generation & Distribution with 103 points, Oil & Gas Marketing Companies with 63 points, Inv. Banks / Inv. Cos. / Securities Cos. with 37 points, Pharmaceuticals with 28 points and Textile Composite with 11 points.

The most points added to the index were by HUBC which contributed 94 points followed by PSO with 33 points, DAWH with 27 points, SNGP with 23 points and FFC with 14 points.

Sector-wise, the index was let down by Tobacco with 34 points, Commercial Banks with 31 points, Fertilizer with 16 points, Refinery with 7 points and Engineering with 5 points.

The most points taken off the index were by PAKT which stripped the index of 34 points followed by ENGRO with 27 points, UBL with 24 points, BAHL with 17 points and POL with 11 points.

All Share Volume decreased by 80.76 Million to 385.32 Million Shares. Market Cap decreased by Rs.12.77 Billion.

Total companies traded were 390 compared to 412 from the previous session. Of the scrips traded 187 closed up, 177 closed down while 26 remained unchanged.

Total trades decreased by 6,180 to 114,347.

Value Traded decreased by 1.45 Billion to Rs.14.06 Billion

Company Volume

Top Ten by Volume

K-Electric 27,535,000
The Bank of Punjab 25,028,500
Dost Steels 22,268,000
Sui Northern Gas Pipelines 15,113,500
Pak Elektron 14,420,500
Engro Polymer & Chemicals 14,053,000
TRG Pakistan 12,399,500
Fauji Cement Company 11,932,000
Maple Leaf Cement Factory 10,735,500
Sui Southern Gas Company 8,721,500


Sector Volume

Top Sector by Volume

Cement 42,759,200
Commercial Banks 40,089,300
Power Generation & Distribution 38,536,000
Engineering 36,807,300
Technology & Communication 32,503,000
Chemical 30,075,720
Oil & Gas Marketing Companies 28,970,100
Inv. Banks / Inv. Cos. / Securities Cos. 18,182,200
Cable & Electrical Goods 15,175,300
Food & Personal Care Products 11,739,000



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Posted on: 2019-11-19T17:03:00+05:00