Closing Bell: KSE-100 on cloud nine

August 20, 2019 (MLN): The KSE-100 delivered a striking performance for the second day in a row, as it leapt by 856 points to conclude today’s session at 30,419-mark. So far, the index has recovered around 1,051 points in just two days.

As stated before, the market sentiments cheered on the hope that the cross-border tension with India regarding trade, will soon be resolved.

Apart from this, Allied Bank Limited and Jubilee Life Insurance Company Limited announced their financial results today, wherein they declared Earnings per share of Rs. 5.45 and Rs. 12.35 respectively.

The Index remained positive throughout the session touching an intraday high of 30,499.93

Of the 88 traded companies in the KSE100 Index 71 closed up 15 closed down, while 2 remained unchanged. Total volume traded for the index was 109.05 million shares.

Sectors propping up the index were Commercial Banks with 354 points, Oil & Gas Exploration Companies with 152 points, Fertilizer with 113 points, Power Generation & Distribution with 70 points and Oil & Gas Marketing Companies with 33 points.

The most points added to the index was by HBL which contributed 88 points followed by ENGRO with 80 points, MCB with 73 points, HUBC with 65 points and UBL with 64 points.

All Share Volume increased by 40.06 Million to 142.58 Million Shares. Market Cap increased by Rs.125.31 Billion.

Total companies traded were 373 compared to 354 from the previous session. Of the scrips traded 268 closed up, 86 closed down while 19 remained unchanged.

Total trades increased by 14,332 to 56,895.

Value Traded increased by 1.66 Billion to Rs.5.60 Billion

Copyright Mettis Link News