Closing Bell: Bulls paw up dust

February 12, 2020 (MLN): The benchmark KSE-100 index continued to trade in green by extending yesterday’s gains and closed the index at 40, 531 mark after gaining 816 points or 2% up from yesterday’s close.

The market remained positive throughout the day as the media sources indicating that the government will get relaxation from IMF on revenue target ignited the index to a noteworthy recovery.  

Of the 94 traded companies in the KSE100 Index 77 closed up 12 closed down, while 5 remained unchanged. Total volume traded for the index was 126.56 million shares.

Sectors propping up the index were Commercial Banks with 200 points, Oil & Gas Exploration Companies with 139 points, Cement with 94 points, Fertilizer with 91 points and Oil & Gas Marketing Companies with 61 points.

The most points added to the index was by MCB which contributed 62 points followed by ENGRO with 62 points, LUCK with 57 points, OGDC with 52 points and PPL with 48 points.

Sector wise, the index was let down by Miscellaneous with 3 points.

The most points taken off the index was by COLG which stripped the index of 10 points followed by NESTLE with 7 points, JLICL with 4 points, SHFA with 3 points and SCBPL with 2 points.

All Share Volume increased by 18.80 Million to 180.33 Million Shares. Market Cap increased by Rs.119.97 Billion.

Total companies traded were 362 compared to 342 from the previous session. Of the scrips traded 262 closed up, 79 closed down while 21 remained unchanged.

Total trades increased by 9,506 to 72,911.

Value Traded increased by 1.52 Billion to Rs.7.56 Billion

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