Closing Bell: Bulls give way to Bears

Jan 03, 2020 (MNL): After gaining over 1,632 points in the first 4 trading session of the week, the KSE100 index ended the final day in consolidations, losing 157 points to close at 42,323.30 points.

However, the index has rounded off the week with gains of over 3.6 percent or 1,475 points compared to previous week's close.

A note from Arif Habib Research pointed out that “Majority of the stocks remained red by the end of session due to profit booking and concerns over regional security”.

The Index traded in a range of 758.19 points or 1.78 percent of previous close, showing an intraday high of 42,835.34 and a low of 42,077.15.

Of the 93 traded companies in the KSE100 Index 30 closed up 62 closed down, while 1 remained unchanged. Total volume traded for the index was 227.98 million shares.

Sector wise, the index was let down by Fertilizer with 86 points, Commercial Banks with 77 points, Pharmaceuticals with 18 points, Automobile Assembler with 12 points and Food & Personal Care Products with 11 points.

The most points taken off the index was by HBL which stripped the index of 78 points followed by ENGRO with 74 points, UBL with 29 points, SEARL with 10 points and MARI with 10 points.

Sectors propping up the index were Oil & Gas Exploration Companies with 63 points, Technology & Communication with 11 points, Glass & Ceramics with 8 points, Cement with 3 points and Oil & Gas Marketing Companies with 3 points.

The most points added to the index was by POL which contributed 34 points followed by OGDC with 33 points, MCB with 24 points, HUBC with 18 points and BAHL with 16 points.

All Share Volume decreased by 89.47 Million to 322.89 Million Shares. Market Cap decreased by Rs.27.32 Billion.

Total companies traded were 360 compared to 380 from the previous session. Of the scrips traded 127 closed up, 218 closed down while 15 remained unchanged.

Total trades decreased by 7,203 to 112,001.

Value Traded decreased by 2.37 Billion to Rs.14.69 Billion

Copyright Mettis Link News