Closing Bell: Flattering to deceive

November 14, 2019:  After depicting relatively high gains throughout the session, the KSE-100 index took everyone aback as it landed in consolidation after gaining merely 76 points and closing at 37,243.20.

The Index traded in a range of 376.25 points or 1.01 percent of previous close, showing an intraday high of 37,506.23 and a low of 37,129.98.

Of the 93 traded companies in the KSE100 Index 49 closed up 43 closed down, while 1 remained unchanged. Total volume traded for the index was 188.71 million shares.

Sectors propping up the index were Automobile Assembler with 40 points, Commercial Banks with 23 points, Cement with 23 points, Pharmaceuticals with 17 points and Technology & Communication with 13 points.

The most points added to the index was by MEBL which contributed 26 points followed by BAHL with 22 points, INDU with 16 points, MTL with 16 points and DGKC with 12 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 33 points, Oil & Gas Marketing Companies with 16 points, Chemical with 15 points, Power Generation & Distribution with 7 points and Insurance with 4 points.

The most points taken off the index was by HBL which stripped the index of 32 points followed by COLG with 12 points, OGDC with 11 points, POL with 9 points and LUCK with 9 points.

All Share Volume increased by 60.94 Million to 336.37 Million Shares. Market Cap increased by Rs.14.19 Billion.

Total companies traded were 395 compared to 379 from the previous session. Of the scrips traded 228 closed up, 150 closed down while 17 remained unchanged.

Total trades increased by 6,265 to 97,049.

Value Traded decreased by 0.60 Billion to Rs.10.16 Billion

Copyright Mettis Link News