Closing Bell: Bulls take charge

Jun 11, 2019 (MNL): Bears were mauled down by the bulls today who tossed the KSE-100 index up by 92 points (0.27 percent) to close at 34,695 points.

Positive sentiments were due to the wait and see approach adopted by the investors ahead of the announcement of federal budget 2019-20.

The Index traded in a range of 536.51 points or 1.55 percent of previous close, showing an intraday high of 34,798.56 and a low of 34,262.05 points.

Of the 88 traded companies in the KSE100 Index 44 closed up 41 closed down, while 3 remained unchanged. Total volume traded for the index was 93.10 million shares.

Sectors propping up the index were Fertilizer with 119 points, Oil & Gas Exploration Companies with 37 points, Oil & Gas Marketing Companies with 14 points, Chemical with 12 points and Inv. Banks / Inv. Cos. / Securities Cos. with 11 points.

The most points added to the index was by FFC which contributed 68 points followed by OGDC with 43 points, ENGRO with 36 points, PPL with 20 points and INDU with 10 points.

Sector wise, the index was let down by Commercial Banks with 89 points, Cement with 37 points, Textile Composite with 9 points, Automobile Parts & Accessories with 3 points and Insurance with 2 points.

The most points taken off the index was by BAHL which stripped the index of 29 points followed by MCB with 27 points, LUCK with 19 points, POL with 15 points and HBL with 13 points.

All Share Volume increased by 25.20 Million to 116.93 Million Shares. Market Cap increased by Rs.25.48 Billion.

Total companies traded were 314 compared to 314 from the previous session. Of the scrips traded 177 closed up, 117 closed down while 20 remained unchanged.

Total trades increased by 20,126 to 51,915.

Value Traded increased by 0.81 Billion to Rs.4.30 Billion.

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