Closing Bell: Clouds of pessimism take a break

Jul 19, 2019 (MNL): The KSE-100 index made a special appearance into the green-district during second session of the day, as anticipations regarding activation of Market Opportunity Fund from next week started making rounds.

Not only it bounced back from the losses made in the first session, but also gained 149 points and closed the week at 32,458-mark.

The Index traded in a range of 648.04 points or 2.01 percent of previous close, showing an intraday high of 32,549.31 and a low of 31,901.27.

Of the 89 traded companies in the KSE100 Index 45 closed up 38 closed down, while 6 remained unchanged. Total volume traded for the index was 106.39 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 66 points, Fertilizer with 58 points, Oil & Gas Marketing Companies with 43 points, Cement with 26 points and Chemical with 9 points.

The most points added to the index was by ENGRO which contributed 39 points followed by OGDC with 33 points, PPL with 31 points, LUCK with 24 points and FFC with 23 points.

Sector wise, the index was let down by Commercial Banks with 33 points, Power Generation & Distribution with 14 points, Food & Personal Care Products with 13 points, Inv. Banks / Inv. Cos. / Securities Cos. with 8 points and Cable & Electrical Goods with 3 points.

The most points taken off the index was by UBL which stripped the index of 32 points followed by HUBC with 21 points, NESTLE with 17 points, DAWH with 10 points and BAHL with 8 points.

All Share Volume increased by 34.14 Million to 121.56 Million Shares. Market Cap increased by Rs.13.46 Billion.

Total companies traded were 316 compared to 320 from the previous session. Of the scrips traded 155 closed up, 129 closed down while 32 remained unchanged.

Total trades increased by 14,469 to 45,975.

Value Traded increased by 0.62 Billion to Rs.4.38 Billion

Copyright Mettis Link News