Closing Bell: KSE-100 rejoices as axle load policy gets deferred

Oct 28, 2019 (MNL): Contrary to the performance of previous session, the KSE-100 index depicted remarkable progress today as it gained around 204 points and concluded at 33,861-level.

The benchmark index was clearly riding high on the back of deferment in implementation of axle load policy by one year.

The Index traded in a range of 438.49 points or 1.30 percent of previous close, showing an intraday high of 34,010.83 and a low of 33,572.34.

Of the 92 traded companies in the KSE100 Index 62 closed up 26 closed down, while 4 remained unchanged. Total volume traded for the index was 91.19 million shares.

Sectors propping up the index were Cement with 72 points, Commercial Banks with 66 points, Oil & Gas Marketing Companies with 32 points, Pharmaceuticals with 17 points and Power Generation & Distribution with 15 points.

The most points added to the index was by LUCK which contributed 29 points followed by HBL with 27 points, BAHL with 21 points, PSO with 16 points and FCCL with 14 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 23 points, Fertilizer with 20 points, Insurance with 11 points, Chemical with 5 points and Textile Composite with 2 points.

The most points taken off the index was by FFC which stripped the index of 17 points followed by COLG with 12 points, MARI with 10 points, BAFL with 10 points and PPL with 10 points.

All Share Volume decreased by 35.22 Million to 135.63 Million Shares. Market Cap increased by Rs.23.38 Billion.

Total companies traded were 343 compared to 357 from the previous session. Of the scrips traded 223 closed up, 102 closed down while 18 remained unchanged.

Total trades increased by 2,006 to 51,550.

Value Traded increased by 0.08 Billion to Rs.4.10 Billion

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