Closing Bell: Bulls manage to hold bourse at 41K

December 18, 2019 (MLN): Contrary to yesterday’s closing, the local equity market concluded the today’s trading session in red, after losing 165 points and settled at 41,603 points level.  

Despite a whopping increase in Foreign Direct Investment by 78% during Jul- Nov 2019, the market sentiments remained subdued.

The Index traded in a range of 531.23 points or 1.27 percent of the previous close, showing an intraday high of 41,920.62 and a low of 41,389.39.

Of the 98 traded companies in the KSE100 Index, 37 closed up 60 closed down, while 1 remained unchanged. Total volume traded for the index was 182.86 million shares.

Sector-wise, the index was let down by Oil & Gas Exploration Companies with 136 points, Oil & Gas Marketing Companies with 31 points, Tobacco with 18 points, Cement with 15 points and Insurance with 15 points.

The most points taken off the index was by OGDC which stripped the index of 66 points followed by PPL with 55 points, NESTLE with 17 points, BAHL with 15 points and LUCK with 15 points.

Sectors propping up the index were Inv. Banks / Inv. Cos. / Securities Cos. with 51 points, Power Generation & Distribution with 29 points, Commercial Banks with 25 points, Miscellaneous with 9 points and Pharmaceuticals with 6 points.

The most points added to the index was by DAWH which contributed 55 points followed by HUBC with 42 points, MEBL with 15 points, SHFA with 9 points and UBL with 9 points.

All Share Volume decreased by 136.09 Million to 276.20 Million Shares. Market Cap decreased by Rs.77.46 Billion.

Total companies traded were 366 compared to 384 from the previous session. Of the scrips traded 120 closed up, 220 closed down while 26 remained unchanged.

Total trades decreased by 39,567 to 96,211.

Value Traded decreased by 5.45 Billion to Rs.12.16 Billion

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