Closing bell: Happy Friday!

September 6, 2019(MLN): Following a short stay in the red district today, the KSE-100 index moved towards the green zone by gaining 252 points and closing at 30467 marks.

As mentioned earlier, lower than anticipated CPI figures boosted investors’ confidence as they expect the interest rate to come down which will provide a favorable ground for investment.

The Index traded in a range of 537 points or 1.78 percent of the previous close, showing an intraday high of 30,550 and a low of 30,013.

Of the 87 traded companies in the KSE100 Index, 54 closed up 26 closed down, while 7 remained unchanged. The total volume traded for the index was 38.34 million shares.

Sectors propping up the index were Commercial Banks with 108 points, Oil & Gas Exploration Companies with 72 points, Power Generation & Distribution with 48 points, Food & Personal Care Products with 12 points and Chemical with 11 points.

The most points added to the index were by HBL which contributed 78 points followed by HUBC with 47 points, OGDC with 45 points, PPL with 23 points and EFERT with 11 points.

All Share Volume decreased by 98.33 Million to 48.21 Million Shares. Market Cap increased by Rs.49.19 Billion.

Total companies traded were 300 compared to 342 from the previous session. Of the scrips traded 156 closed up, 119 closed down while 25 remained unchanged.

Total trades decreased by 37,216 to 22,261.

Value Traded decreased by 2.68 Billion to Rs.2.43 Billion.

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