Closing bell: Bulls seize the day

Jul 31, 2019 (MNL): The equity market finally fought back bearish sentiments after 5 gloomy sessions as KSE -100 index gained 280 points in today’s trade to close the month at 31,938 points.

While the benchmark index falls slightly short of crossing the 32,000 point mark, it has lost 1,964 points during the month as June was concluded at 33,902 points.

The Index traded in a range of 424 points or 1.34 percent of previous close, showing an intraday high of 31,968 and a low of 31,544.

Of the 88 traded companies in the KSE100 Index, 66 closed up, 18 closed down, while 4 remained unchanged. The total volume traded for the index was 53.80 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 69 points, Fertilizer with 61 points, Commercial Banks with 35 points, Oil & Gas Marketing Companies with 33 points and Cement with 24 points.

The most points added to the index was by ENGRO which contributed 34 points followed by PPL with 34 points, HBL with 20 points, POL with 19 points and FFC with 19 points.

Meanwhile the KSE All Share Volume increased by 18.93 million to 70.22 million shares whereas market cap increased by Rs.23.76 billion.

The total companies traded were 343 compared to 314 from the previous session. Of the scrips traded 219 closed up, 104 closed down while 20 remained unchanged.

On the other hand, the total trades increased by 5,433 to 31,830 while value traded increased by 0.51 billion to Rs.2.62 billion.

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