Closing Bell: KSE-100 loses its ground ahead of Pakistan’s meeting with FATF

October 17, 2019 (MLN): The KSE-100 index took an unsolicited turn in today’s session as it lost around 382 points and closed at 33,898-mark.

Local investors chose to hedge their bets ahead of Pakistan’s meeting with the Financial Action Task Force (FATF) which is scheduled for tomorrow, wherein the latter will decide whether Pakistan should stay in the grey list or moved to black list.

The Index traded in a range of 531.75 points or 1.55 percent of previous close, showing an intraday high of 34,361.85 and a low of 33,830.10.

Of the 88 traded companies in the KSE100 Index 15 closed up 71 closed down, while 2 remained unchanged. Total volume traded for the index was 107.71 million shares.

Sector wise, the index was let down by Commercial Banks with 147 points, Oil & Gas Exploration Companies with 87 points, Cement with 36 points, Pharmaceuticals with 34 points and Oil & Gas Marketing Companies with 23 points.

The most points taken off the index was by HBL which stripped the index of 53 points followed by UBL with 39 points, MARI with 26 points, PPL with 25 points and LUCK with 19 points.

Sectors propping up the index were Chemical with 9 points, Close - End Mutual Fund with 2 points, Glass & Ceramics with 1 points and Tobacco with 1 points.

The most points added to the index was by KAPCO which contributed 7 points followed by COLG with 7 points, ICI with 4 points, MUREB with 4 points and EFERT with 3 points.

All Share Volume decreased by 13.37 Million to 137.99 Million Shares. Market Cap decreased by Rs.70.35 Billion.

Total companies traded were 364 compared to 387 from the previous session. Of the scrips traded 109 closed up, 234 closed down while 21 remained unchanged.

Total trades decreased by 12,152 to 45,359.

Value Traded decreased by 1.14 Billion to Rs.3.77 Billion

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