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Closing Bell: Les Miserables

June 27, 2019 (MLN): The ongoing week is turning out to be turbulent for the local equity market, as the stocks continue their losing streak for the fourth day.

Uncertainty over Financial Action Task Force’s (FATF) upcoming decision on placing Pakistan on grey list for alleged failure to curb terrorism financing, approaching deadline of uncertainty submerged Asset Declaration Scheme, tough budgetary measures and the uncertainty at the extent of PKR depreciation kept the domestic bourse in check.

On economic front, Fitch Solution revised down Pakistan’s economic growth forecast to 2.7% from a previously quoted estimate of 4%, which further suppressed investor sentiment and fostered selling pressure.

Consequently, the Benchmark KSE100 index ended today's trading session with a 314.13 points or 0.92 percent decline to close at 33,774.43.

The Index traded in a range of 740.10 points or 2.17 percent of previous close, showing an intraday high of 34,261.48 and a low of 33,521.38.

Of the 96 traded companies in the KSE100 Index 32 closed up 63 closed down, while 1 remained unchanged. Total volume traded for the index was 111.73 million shares.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 76 points, Fertilizer with 71 points, Commercial Banks with 58 points, Cement with 30 points and Power Generation & Distribution with 24 points.

The most points taken off the index was by PPL which stripped the index of 44 points followed by FFC with 40 points, HBL with 35 points, HUBC with 29 points and ENGRO with 22 points.

Sectors propping up the index were Miscellaneous with 5 points, Close – End Mutual Fund with 4 points, Refinery with 3 points, Automobile Assembler with 2 points and Technology & Communication with 2 points.

The most points added to the index was by INDU which contributed 10 points followed by MEBL with 9 points, FATIMA with 8 points, ABOT with 7 points and HMB with 7 points.

All Share Volume decreased by 24.66 Million to 135.02 Million Shares. Market Cap decreased by Rs.58.57 Billion.

Total companies traded were 326 compared to 349 from the previous session. Of the scrips traded 132 closed up, 175 closed down while 19 remained unchanged.

Total trades decreased by 893 to 40,218.

Value Traded decreased by 0.31 Billion to Rs.4.57 Billion

Company Volume

Top Ten by Volume

K-Electric 24,990,500
Pak Elektron 7,528,000
Fauji Fertilizer Bin Qasim 6,485,000
The Bank of Punjab 5,993,500
Maple Leaf Cement Factory 5,026,500
TRG Pakistan 4,624,500
Nishat Chunian Power 4,394,000
Pakistan International Bulk Terminal 4,042,000
National Bank of Pakistan 3,822,500
HBL Growth Fund 3,539,500


Sector Volume

Top Sector by Volume

Power Generation & Distribution 33,518,000
Commercial Banks 19,783,600
Cement 12,690,200
Fertilizer 8,499,600
Cable & Electrical Goods 7,603,900
Technology & Communication 7,573,600
Chemical 6,598,460
Engineering 5,273,500
Oil & Gas Marketing Companies 5,181,500
Transport 4,885,800



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Posted on: 2019-06-27T17:47:00+05:00


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