Closing Bell: Fri-nally!

April 10, 2020 (MLN): The KSE-100 index gained around 195 points on Friday and closed the session at 32,033 points i.e. 0.62% higher than the previous day’s close.

The index opened on a pessimistic note and went down by 450 points as investors quickly turned towards profit-taking following the outcome of the OPEC meeting. However, the index showed recovery during the remainder of the session, after news regarding businesses resuming operations and IMF’s board meeting with Pakistan flowed in.

Of the 95 traded companies in the KSE100 Index 58 closed up 34 closed down, while 3 remained unchanged. Total volume traded for the index was 103.09 million shares.

Sectors propping up the index were Commercial Banks with 105 points, Fertilizer with 51 points, Technology & Communication with 24 points, Cement with 22 points and Pharmaceuticals with 20 points.

The most points added to the index was by BAFL which contributed 34 points followed by ENGRO with 33 points, MCB with 19 points, SNGP with 19 points and FFC with 18 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 103 points, Tobacco with 8 points, Automobile Parts & Accessories with 5 points, Transport with 2 points and Modarabas with 1 points.

The most points taken off the index was by OGDC which stripped the index of 37 points followed by PPL with 34 points, MARI with 17 points, POL with 15 points and PAKT with 12 points.

All Share Volume decreased by 89.45 Million to 127.07 Million Shares. Market Cap increased by Rs.5.14 Billion.

Total companies traded were 328 compared to 352 from the previous session. Of the scrips traded 192 closed up, 118 closed down while 18 remained unchanged.

Total trades decreased by 28,841 to 62,121.

Value Traded decreased by 3.52 Billion to Rs.5.02 Billion

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