Closing Bell: Crash, Boom, Bang!

August 30, 2019 (MLN): Yesterday’s losses on trading floors extended to today’s session as the benchmark KSE – 100 index lost another 486 points to selling pressure at the end of the month. The index closed the day 1.61% lower than yesterday, at 29,672 points.

This week remained under the bears’ vicious spell as the index declined by over 1,650 points or 5.3% and closed today’s session below 30,000 points after 9 sessions.

The Benchmark KSE100 index ended the trading session on Friday with a 486.84 point or 1.61 percent decline to close at 29,672.12.

The Index traded in a range of 753.70 points or 2.50 percent of previous close, showing an intraday high of 30,315.02 and a low of 29,561.32.

Of the 90 traded companies in the KSE100 Index 17 closed up 71 closed down, while 2 remained unchanged. Total volume traded for the index was 85.92 million shares.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 126 points, Fertilizer with 106 points, Power Generation & Distribution with 80 points, Commercial Banks with 71 points and Oil & Gas Marketing Companies with 45 points.

The most points taken off the index was by OGDC which stripped the index of 58 points followed by HUBC with 56 points, ENGRO with 51 points, PPL with 51 points and FFC with 39 points.

Sectors propping up the index were Tobacco with 31 points, Inv. Banks / Inv. Cos. / Securities Cos. with 19 points, Food & Personal Care Products with 18 points, Automobile Parts & Accessories with 1 points and Modarabas with 1 points.

The most points added to the index was by PAKT which contributed 31 points followed by MCB with 26 points, DAWH with 19 points, NESTLE with 14 points and MUREB with 9 points.

All Share Volume decreased by 8.62 Million to 109.96 Million Shares. Market Cap decreased by Rs.41.48 Billion.

Total companies traded were 322 compared to 338 from the previous session. Of the scrips traded 77 closed up, 231 closed down while 14 remained unchanged.

Total trades decreased by 7,193 to 39,557.

Value Traded decreased by 0.42 Billion to Rs.3.96 Billion

Copyright Mettis Link News

Copyright Mettis Link News