Closing Bell: KSE-100 ‘bats’ a massive eye on rising epidemic fears

February 24, 2020 (MLN): The KSE-100 index lost around 1,105 points in today’s session, before settling at 39,143-level i.e. almost 2.75% lower than Friday’s close.

The benchmark index for the second time fell beneath 40,000-mark this year, after several countries reported a rise in the COVID-19 infections. The epidemic has so far affected more than 80,000 and killed nearly 2,600 people, causing equity markets across the board to suffer tremendous losses.

The Index remained negative throughout the session touching an intraday low of 39,080.42

Of the 94 traded companies in the KSE100 Index 6 closed up and 88 closed down. Total volume traded for the index was 103.98 million shares.

Sector wise, the index was let down by Commercial Banks with 311 points, Oil & Gas Exploration Companies with 188 points, Fertilizer with 109 points, Power Generation & Distribution with 94 points and Cement with 82 points.

The most points taken off the index was by PPL which stripped the index of 86 points followed by HBL with 78 points, HUBC with 67 points, UBL with 67 points and OGDC with 60 points.

All Share Volume increased by 58.68 Million to 144.28 Million Shares. Market Cap decreased by Rs.175.00 Billion.

Total companies traded were 345 compared to 326 from the previous session. Of the scrips traded 44 closed up, 285 closed down while 16 remained unchanged.

Total trades increased by 18,143 to 59,639.

Value Traded increased by 1.93 Billion to Rs.5.51 Billion

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