Closing Bell: Bulls tighten their grip

MG News | October 01, 2019 at 05:43 PM GMT+05:00

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October 1, 2019 (MLN): After concluding the previous day on a rather flatter note, bulls tightened their grip on the bourse today, as stocks rallied and the benchmark KSE-100 index soared 175 points to settle at 32,254 mark.

The benchmark KSE-100 index witnessed higher volumes and bullish activity throughout the trading session today, as prices of commodities in international markets fall. Moreover, FBR achieved up to 90% of the tax collection target for 1QFY20, which further strengthen investors’ confidence.

The Index traded in a range of 295.17 points or 0.92 percent of previous close, showing an intraday high of 32,290.70 and a low of 31,995.53.

Of the 94 traded companies in the KSE100 Index 64 closed up 29 closed down, while 1 remained unchanged. Total volume traded for the index was 132.15 million shares.

Sectors propping up the index were Cement with 66 points, Power Generation & Distribution with 35 points, Commercial Banks with 32 points, Technology & Communication with 9 points and Engineering with 8 points.

The most points added to the index was by LUCK which contributed 20 points followed by HUBC with 19 points, FCCL with 16 points, KEL with 13 points and HBL with 12 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 20 points, Tobacco with 11 points, Glass & Ceramics with 3 points, Sugar & Allied Industries with 2 points and Food & Personal Care Products with 1 points.

The most points taken off the index was by POL which stripped the index of 16 points followed by PMPK with 11 points, FFC with 9 points, FATIMA with 8 points and PPL with 4 points.

All Share Volume increased by 14.68 Million to 180.73 Million Shares. Market Cap increased by Rs.19.87 Billion.

Total companies traded were 368 compared to 363 from the previous session. Of the scrips traded 245 closed up, 112 closed down while 11 remained unchanged.

Total trades increased by 14,765 to 59,230.

Value Traded increased by 0.76 Billion to Rs.5.00 Billion

**Top Ten by Volume**
Company	Volume
K-Electric	22,886,000
Unity Foods	19,427,500
Fauji Cement Company	14,732,000
Maple Leaf Cement Factory	11,557,500
The Bank of Punjab	9,596,000
Worldcall Telecom	7,639,000
TRG Pakistan	7,462,000
Descon Oxychem	3,900,000
Pak Elektron	3,777,000
International Steels	3,718,500

**Top Sector by Volume**
Sector	Volume
Cement	37,839,700
Power Generation & Distribution	24,680,500
Vanaspati & Allied Industries	19,461,500
Technology & Communication	17,840,000
Commercial Banks	13,306,500
Engineering	11,207,800
Chemical	11,125,560
Oil & Gas Marketing Companies	5,755,800
Fertilizer	4,164,100
Cable & Electrical Goods	3,886,000

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KSE100	168,514.45 270.58M	2.23% 3683.02
ALLSHR	101,435.11 727.15M	2.12% 2101.39
KSE30	50,579.18 130.90M	2.48% 1222.35
KMI30	242,349.77 110.71M	2.17% 5137.60
KMIALLSHR	65,996.09 380.10M	1.90% 1228.68
BKTi	46,176.73 48.16M	2.68% 1203.71
OGTi	35,670.57 11.87M	2.41% 839.24

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,910.00	78,275.00 76,655.00	-795.00 -1.02%
BRENT CRUDE	107.18	109.30 103.68	2.16 2.06%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-8.75 -7.37%
ROTTERDAM COAL MONTHLY	113.00	0.00 0.00	0.50 0.44%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	100.66	102.66 97.25	2.40 2.44%
SUGAR #11 WORLD	14.92	15.05 14.78	0.19 1.29%