Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

Closing Bell: Drop in T-bills yield drives the index up

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

October 24, 2019 (MLN): The domestic equity market ended today’s trade on a cheerful note as it extended its winning streak for the third straight day led by solid gains in Oil and Gas Exploration sector and Commercial Banks. The Benchmark KSE-100 index concluded today's trading session with a 322 point or 0.97 percent gain to close at 33,762 points.

The index was majorly propelled by T-bill auction yesterday in which Cut off yield for 3, 6 and 12 months showed a reduction of 39, 26 and 68 basis points.

The Index remained positive throughout the session touching an intraday high of 33,861.52

Of the 90 traded companies in the KSE100 Index 70 closed up 19 closed down, while 1 remained unchanged. Total volume traded for the index was 67.65 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 115 points, Commercial Banks with 78 points, Fertilizer with 38 points, Oil & Gas Marketing Companies with 26 points and Food & Personal Care Products with 19 points.

The most points added to the index was by OGDC which contributed 41 points followed by POL with 32 points, PPL with 27 points, ENGRO with 24 points and MCB with 20 points.

Sector wise, the index was let down by Cement with 9 points, Automobile Assembler with 2 points and Transport with 1 points.

The most points taken off the index was by MTL which stripped the index of 6 points followed by FATIMA with 4 points, LUCK with 3 points, MLCF with 3 points and FML with 3 points.

All Share Volume increased by 4.38 Million to 121.33 Million Shares. Market Cap increased by Rs.63.45 Billion.

Total companies traded were 353 compared to 351 from the previous session. Of the scrips traded 214 closed up, 115 closed down while 24 remained unchanged.

Total trades decreased by 275 to 45,650.

Value Traded increased by 0.39 Billion to Rs.3.98 Billion

Company Volume

Top Ten by Volume

Worldcall Telecom 17,230,000
Dost Steels 5,395,500
Lotte Chemical Pakistan 5,109,500
TRG Pakistan 4,874,500
Fauji Cement Company 4,440,500
International Steels 4,426,000
Maple Leaf Cement Factory 4,154,500
Amreli Steels 3,684,000
Unity Foods 3,566,000
Pakistan International Bulk Terminal 3,418,000


Sector Volume

Top Sector by Volume

Technology & Communication 24,681,500
Engineering 16,112,000
Cement 14,531,800
Commercial Banks 8,875,700
Chemical 7,426,800
Fertilizer 6,072,900
Power Generation & Distribution 4,512,000
Oil & Gas Exploration Companies 4,420,300
Textile Composite 4,263,150
Transport 3,745,600



Copyright Mettis Link News


Posted on: 2019-10-24T17:29:00+05:00