Closing Bell: Investors play safe

Jul 23, 2019 (MNL): The domestic stock market continues to witness a rather unhurried trading pattern on the floors as market participants carried out a comparatively dull trade today, causing the benchmark KSE 100 index to gain only 131 points and conclude the day at 32,715 points.

While today’s session marks the bourse’s third day in green district, the investors are keeping the hike slow and steady.

The Index traded in a range of 299.36 points or 0.92 percent of previous close, showing an intraday high of 32,754.32 and a low of 32,454.96.

Of the 92 traded companies in the KSE100 Index 56 closed up 29 closed down, while 7 remained unchanged. Total volume traded for the index was 79.62 million shares.

Sectors propping up the index were Cement with 43 points, Fertilizer with 29 points, Commercial Banks with 18 points, Oil & Gas Exploration Companies with 17 points and Pharmaceuticals with 16 points.

The most points added to the index was by FFC which contributed 26 points followed by EFERT with 14 points, HBL with 13 points, UBL with 11 points and FCCL with 10 points.

On the other hand, the KSE All Share Volume increased by 52.42 Million to 97.12 Million Shares while Market Cap increased by Rs.4.91 Billion.

Total companies traded were 318 compared to 312 from the previous session. Of the scrips traded 178 closed up, 110 closed down while 30 remained unchanged.

Meanwhile the total trades increased by 12,496 to 37,372 whereas value Traded increased by 1.51 Billion to Rs.3.49 Billion.

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