Closing Bell: KSE-100 up by 181 points

August 24, 2020 (MNL): The KSE-100 index ended the trading session on Monday with a 181.01 point or 0.46 percent gain to close at 39,802, i.e. 0.46% higher as compared to the previous day's closing.

The market activity was mainly boosted by the economic data released by the State Bank of Pakistan, wherein the country witnessed a Current Account Surplus of $424 million during the month of July 2020.

The index was further uplifted by the financial results of the companies released today, most of which depicted improvement in earnings.

The Index traded in a range of 351.72 points or 0.89 percent of previous close, showing an intraday high of 39,824.83 and a low of 39,473.11.

Of the 97 traded companies in the KSE100 Index 57 closed up 37 closed down, while 3 remained unchanged. Total volume traded for the index was 172.64 million shares.

Sectors propping up the index were Cement with 73 points, Technology & Communication with 47 points, Pharmaceuticals with 39 points, Oil & Gas Marketing Companies with 36 points and Inv. Banks / Inv. Cos. / Securities Cos. with 28 points.

The most points added to the index was by LUCK which contributed 39 points followed by TRG with 38 points, DAWH with 27 points, SEARL with 24 points and NBP with 16 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 74 points, Fertilizer with 19 points, Automobile Assembler with 4 points, Miscellaneous with 2 points and Textile Spinning with 1 points.

The most points taken off the index was by OGDC which stripped the index of 27 points followed by PPL with 21 points, POL with 19 points, FFC with 15 points and MCB with 10 points.

All Share Volume decreased by 28.75 Million to 371.72 Million Shares. Market Cap increased by Rs.17.70 Billion.

Total companies traded were 388 compared to 390 from the previous session. Of the scrips traded 229 closed up, 135 closed down while 24 remained unchanged.

Total trades increased by 6,697 to 135,925.

Value Traded increased by 1.18 Billion to Rs.14.93 Billion

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