Closing Bell: Bullish Pattern Continues

November 29, 2019 (MLN): Taking its inspiration from the last two days’ closing, the KSE-100 Index extended gains by 581 points to close at 39287 level due to the improved investors’ confidence supported by political stability.

The Index remained positive throughout the session touching an intraday high of 39,452.19

Of the 97 traded companies in the KSE100 Index, 79 closed up 17 closed down, while 1 remained unchanged. Total volume traded for the index was 261.74 million shares.

Sectors propping up the index were Commercial Banks with 277 points, Power Generation & Distribution with 45 points, Cement with 31 points, Automobile Assembler with 26 points and Insurance with 25 points.

The most points added to the index was by HBL which contributed 97 points followed by UBL with 76 points, HUBC with 37 points, BAHL with 17 points and BAFL with 17 points.

Sector-wise, the index was let down by Engineering with 5 points, Glass & Ceramics with 2 points and Vanaspati & Allied Industries with 1 point.

The most points taken off the index was by SNGP which stripped the index of 7 points followed by MARI with 7 points, EFERT with 6 points, INIL with 4 points and OGDC with 4 points.

All Share Volume increased by 83.33 Million to 431.85 Million Shares. Market Cap increased by Rs.108.99 Billion.

Total companies traded were 407 compared to 396 from the previous session. Of the scrips traded 299 closed up, 92 closed down while 16 remained unchanged.

Total trades increased by 11,114 to 118,773.

Value Traded increased by 2.33 Billion to Rs.14.47 Billion

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