Thursday, October 6, 2022
HomeEquityClosing bell: Hope Springs Eternal

Closing bell: Hope Springs Eternal

November 13, 2019 (MLN): Contrary to the performance of yesterday’s session, today’s gains mark the index on the greener side, during which period it gained 401 points to close at 37,166 level.

The index was driven up by the improvement in economic indicators – increase in foreign reserves and revenue collection, improvement in the stock market and a successful IMF review.

SBP governor, Dr. Reza Baqir’s announcement to boost trade and ease of doing business brought hope amongst investors and exporters.

The Index traded in a range of 803.76 points or 2.19 per cent of the previous close, showing an intraday high of 37,288.64 and a low of 36,484.88.

Of the 94 traded companies in the KSE100 Index, 63 closed up 30 closed down, while 1 remained unchanged. Total volume traded for the index was 174.66 million shares.

Sectors propping up the index were Commercial Banks with 152 points, Oil & Gas Exploration Companies with 74 points, Fertilizer with 42 points, Textile Composite with 35 points and Power Generation & Distribution with 18 points.

The most points added to the index were by HBL which contributed 64 points followed by BAHL with 44 points, ENGRO with 34 points, MARI with 30 points and HUBC with 23 points.

Sector-wise, the index was let down by Food & Personal Care Products with 7 points, Automobile Assembler with 4 points, Close – End Mutual Fund with 4 points, Real Estate Investment Trust with 2 points and Paper & Board with 1 point.

The most points taken off the index were by MUREB which stripped the index of 7 points followed by NBP with 6 points, DGKC with 5 points, INDU with 4 points and COLG with 4 points.

All Share Volume decreased by 16.63 Million to 275.43 Million Shares. Market Cap increased by Rs.59.69 Billion.

Total companies traded were 379 compared to 381 from the previous session. Of the scrips traded 230 closed up, 130 closed down while 19 remained unchanged.

Total trades decreased by 4,088 to 90,784.

Value Traded increased by 0.77 Billion to Rs.10.76 Billion

Company Volume

Top Ten by Volume

Unity Foods 16,463,500
Worldcall Telecom 12,861,000
TRG Pakistan 11,075,000
The Bank of Punjab 10,236,000
International Steels 9,751,000
Pak Elektron 9,393,000
Fauji Foods 8,498,000
Pakistan International Airlines Corp 7,947,000
Lotte Chemical Pakistan 6,702,000
Siddiqsons Tin Plate 6,532,500

 

Sector Volume

Top Sector by Volume

Cement 32,105,000
Technology & Communication 31,959,500
Engineering 25,643,800
Commercial Banks 24,807,600
Chemical 20,427,991
Power Generation & Distribution 16,595,000
Vanaspati & Allied Industries 16,464,700
Fertilizer 11,901,000
Food & Personal Care Products 11,312,650
Transport 11,250,100

 

 

Copyright Mettis Link News

 

Posted on: 2019-11-13T17:14:00+05:00

31090

RELATED ARTICLES
- Advertisment -

Most Popular