Closing Bell: Fear of interest rate hike depresses the equity markets

News Image

MG News | July 12, 2019 at 05:50 PM GMT+05:00

0:00

July 12, 2019 (MLN): The KSE-100 index lost 202 points in today’s session and closed at 33,672-mark. It remained range bound and closed in consolidation during the first half of the session. However, after the news regarding Monetary Policy announcement flowed in, the index plunged abruptly as local investors feared another hike in interest rates.

Unfortunately, the news regarding $5 billion investment in Pakistan by heads of different Chinese companies seemed to make absolutely no difference to the local investors, as they continued to partake in selling activity.

Sector wise, the index was let down by Cement with 40 points, Power Generation & Distribution with 28 points, Oil & Gas Marketing Companies with 27 points, Oil & Gas Exploration Companies with 18 points and Automobile Assembler with 18 points.

The most points taken off the index was by PSO which stripped the index of 21 points followed by ENGRO with 15 points, HUBC with 15 points, POL with 12 points and DGKC with 11 points.

Sectors propping up the index were Fertilizer with 30 points and Inv. Banks / Inv. Cos. / Securities Cos. with 1 point.

The most points added to the index was by FFC which contributed 30 points followed by EFERT with 13 points, UBL with 10 points, HBL with 9 points and MEBL with 3 points.

The Index traded in a range of 402.40 points or 1.19 percent of previous close, showing an intraday high of 34,000.76 and a low of 33,598.36.

Of the 86 traded companies in the KSE100 Index 14 closed up 65 closed down, while 7 remained unchanged. Total volume traded for the index was 43.37 million shares.

All Share Volume increased by 16.02 Million to 55.51 Million Shares. Market Cap decreased by Rs.34.16 Billion.

Total companies traded were 304 compared to 305 from the previous session. Of the scrips traded 62 closed up, 218 closed down while 24 remained unchanged.

Total trades increased by 5,690 to 23,997.

Value Traded increased by 0.84 Billion to Rs.2.28 Billion

Company Volume

Top Ten by Volume

K-Electric 6,894,000
Maple Leaf Cement Factory 4,523,000
The Bank of Punjab 3,906,000
TRG Pakistan 1,894,000
Unity Foods 1,860,000
D.G. Khan Cement Company 1,843,000
Fauji Fertilizer Company 1,519,000
Dost Steels 1,423,500
International Steels 1,355,000
Pakistan International Bulk Terminal 1,232,000

 

Sector Volume

Top Sector by Volume

Cement 9,644,500
Power Generation & Distribution 7,767,500
Commercial Banks 7,698,600
Fertilizer 4,037,000
Engineering 3,709,100
Chemical 2,974,420
Technology & Communication 2,960,500
Oil & Gas Marketing Companies 1,970,600
Vanaspati & Allied Industries 1,862,500
Oil & Gas Exploration Companies 1,412,460

 

 

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 13, 2025 at 10:26 AM GMT+05:00

K-Electric dispels rumours of peak hour changes


July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg