Closing Bell: Good Times Bad Times

September 8, 2020 (MLN): After showing a directionless session, the benchmark KSE-100 index closed lower on Tuesday as the stock market came under pressure amid profit booking and declining international oil prices.

Accordingly, the index closed at 41,985 points after shedding 310 points or down by .073% from yesterday’s close.

The Index traded in a range of 616.88 points or 1.46 percent of previous close, showing an intraday high of 42,529.70 and a low of 41,912.82.

Of the 97 traded companies in the KSE100 Index 21 closed up 76 closed down, while 0 remained unchanged. Total volume traded for the index was 514.88 million shares.

Sector wise, the index was let down by Commercial Banks with 79 points, Oil & Gas Marketing Companies with 36 points, Chemical with 35 points, Pharmaceuticals with 24 points and Oil & Gas Exploration Companies with 24 points.

The most points taken off the index was by TRG which stripped the index of 33 points followed by HBL with 28 points, MCB with 25 points, HASCOL with 23 points and OGDC with 19 points.

Sectors propping up the index were Food & Personal Care Products with 14 points, Refinery with 13 points, Technology & Communication with 4 points, Sugar & Allied Industries with 2 points and Insurance with 2 points.

The most points added to the index was by SYS which contributed 36 points followed by LUCK with 32 points, NATF with 19 points, JLICL with 13 points and BYCO with 11 points.

All Share Volume increased by 135.47 Million to 884.37 Million Shares. Market Cap decreased by Rs.50.16 Billion.

Total companies traded were 431 compared to 434 from the previous session. Of the scrips traded 120 closed up, 293 closed down while 18 remained unchanged.

Total trades increased by 28,779 to 227,284.

Value Traded increased by 4.25 Billion to Rs.27.93 Billion

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