Closing Bell: KSE100 loses 2,237 points in a week

August 9, 2019 (MLN): The KSE-100 index lost nearly 309 points in the last session of the week, and closed at 29,429-mark. Throughout the week, the benchmark index lost approximately 2,237 points as escalating Indo-Pak tensions continued to have strong impression on its untimely fate.

The Index traded in a range of 703.74 points or 2.37 percent of previous close, showing an intraday high of 30,036.94 and a low of 29,333.20.

Of the 89 traded companies in the KSE100 Index 40 closed up 48 closed down, while 1 remained unchanged. Total volume traded for the index was 58.41 million shares.

Sector wise, the index was let down by Commercial Banks with 143 points, Oil & Gas Exploration Companies with 119 points, Fertilizer with 50 points, Oil & Gas Marketing Companies with 22 points and Chemical with 11 points.

The most points taken off the index was by HBL which stripped the index of 75 points followed by OGDC with 47 points, PPL with 46 points, BAHL with 30 points and ENGRO with 29 points.

Sectors propping up the index were Food & Personal Care Products with 12 points, Textile Composite with 10 points, Pharmaceuticals with 6 points, Cement with 6 points and Real Estate Investment Trust with 3 points.

The most points added to the index was by NESTLE which contributed 14 points followed by MCB with 11 points, DGKC with 10 points, KTML with 5 points and MLCF with 5 points.

All Share Volume decreased by 32.69 Million to 76.41 Million Shares. Market Cap decreased by Rs.29.74 Billion.

Total companies traded were 321 compared to 338 from the previous session. Of the scrips traded 170 closed up, 134 closed down while 17 remained unchanged.

Total trades decreased by 11,849 to 33,067.

Value Traded decreased by 1.26 Billion to Rs.3.08 Billion

Copyright Mettis Link News