Closing Bell: Equity market witnesses relief rally ahead of Monetary Policy announcement

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By MG News | July 16, 2019 at 05:47 PM GMT+05:00

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Jul 16, 2019 (MLN): The KSE-100 index gained 13 points in today’s session and closed at 32,972 mark. It remained range bound and lost around 355 during the first half of the session before closing in green.

According to closing note by ABA Ali Habib Securities, bourse witnessed higher volumes in anticipation of monetary policy committee’s meeting scheduled for today.

After market hours, the SBP raised its benchmark interest rate for the next two months, thus bringing it up by 100 basis points (bps) to 13.25%.

The Index traded in a range of 489.15 points or 1.48 percent of previous close, showing an intraday high of 33,093.79 and a low of 32,604.64.

Of the 87 traded companies in the KSE100 Index 39 closed up 46 closed down, while 2 remained unchanged. Total volume traded for the index was 119.50 million shares.

Sectors propping up the index were Commercial Banks with 46 points, Cement with 26 points, Fertilizer with 15 points, Food & Personal Care Products with 5 points and Power Generation & Distribution with 4 points.

The most points added to the index was by UBL which contributed 24 points followed by LUCK with 24 points, HBL with 23 points, ENGRO with 17 points and MCB with 15 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 57 points, Textile Composite with 17 points, Pharmaceuticals with 15 points, Insurance with 6 points and Engineering with 3 points.

The most points taken off the index was by POL which stripped the index of 29 points followed by PPL with 21 points, BAHL with 11 points, NML with 10 points and ABOT with 9 points.

All Share Volume increased by 69.53 Million to 138.73 Million Shares. Market Cap decreased by Rs.8.87 Billion.

Total companies traded were 316 compared to 321 from the previous session. Of the scrips traded 148 closed up, 149 closed down while 19 remained unchanged.

Total trades increased by 25,590 to 49,953.

Value Traded increased by 2.17 Billion to Rs.4.53 Billion

Company Volume

Top Ten by Volume

K-Electric 20,303,000
Maple Leaf Cement Factory 14,025,000
TRG Pakistan 12,899,000
The Bank of Punjab 7,705,500
Lotte Chemical Pakistan 5,099,500
D.G. Khan Cement Company 4,884,500
Fauji Cement Company 4,296,500
Fauji Foods 3,768,000
Byco Petroleum Pakistan 3,581,000
Pak Elektron 2,767,000

 

Sector Volume

Top Sector by Volume

Cement 27,089,500
Power Generation & Distribution 22,224,000
Technology & Communication 15,126,000
Commercial Banks 14,280,400
Chemical 9,336,000
Engineering 6,998,100
Oil & Gas Marketing Companies 6,007,900
Food & Personal Care Products 4,787,920
Refinery 4,448,700
Oil & Gas Exploration Companies 3,750,300

 

 

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KSE100 131,245.11
25.08M
0.69%
901.08
ALLSHR 81,648.19
62.31M
0.77%
624.21
KSE30 40,218.65
14.99M
0.78%
310.39
KMI30 191,358.17
17.26M
0.96%
1823.17
KMIALLSHR 55,201.93
37.74M
0.76%
418.28
BKTi 35,207.62
1.50M
0.76%
266.89
OGTi 28,781.52
5.31M
1.72%
485.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,445.00 110,105.00
109,200.00
-840.00
-0.76%
BRENT CRUDE 68.64 69.00
68.41
-0.47
-0.68%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.20 110.00
108.25
1.70
1.58%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.00 67.50
66.78
-0.45
-0.67%
SUGAR #11 WORLD 15.56 15.97
15.44
-0.14
-0.89%

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