Closing Bell: KSE-100 index lands in green ahead of Trump- Imran khan meeting

Jul 22, 2019 (MNL): The local equity market started the week on a positive note as the Benchmark KSE100 index ended the trading session on Monday with a 125.78 point or 0.39 percent gain to close at 32,584.55.

As per the closing note by Ismail Iqbal Securities, the index index broke bearish spell ahead of widely anticipated meeting of PM Imran Khan with U.S President in Washington today, where investors are expecting revival of relation-ship between two countries which will bode well for economy.

The Index traded in a range of 331.91 points or 1.02 percent of previous close, showing an intraday high of 32,723.46 and a low of 32,391.55.

Of the 88 traded companies in the KSE100 Index 45 closed up 37 closed down, while 6 remained unchanged. Total volume traded for the index was 38.19 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 47 points, Commercial Banks with 37 points, Oil & Gas Marketing Companies with 21 points, Pharmaceuticals with 15 points and Fertilizer with 12 points.

The most points added to the index was by HBL which contributed 40 points followed by OGDC with 27 points, POL with 25 points, FFC with 14 points and UBL with 12 points.

Sector wise, the index was let down by Food & Personal Care Products with 15 points, Power Generation & Distribution with 6 points, Cement with 3 points, Technology & Communication with 3 points and Chemical with 3 points.

The most points taken off the index was by MARI which stripped the index of 9 points followed by NATF with 7 points, MUREB with 7 points, BAFL with 7 points and KAPCO with 6 points.

All Share Volume decreased by 76.85 Million to 44.70 Million Shares. Market Cap increased by Rs.18.83 Billion.

Total companies traded were 312 compared to 316 from the previous session. Of the scrips traded 151 closed up, 138 closed down while 23 remained unchanged.

Total trades decreased by 21,099 to 24,876.

Value Traded decreased by 2.39 Billion to Rs.1.99 Billion.

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