Closing Bell: Living it up!

September 7, 2020 (MNL): The KSE-100 index ended the trading session on Monday with a 272.75 point or 0.65 percent gain to close at 42,295.75.

The positive impetus from the previous sessions, along with the announcement of a Rs. 1,100 billion package under the Karachi Transformation Plan by the Prime Minister to resolve the lingering and chronic issues of the port city, is what kept the investors’ participation up throughout the session.

The Index remained positive throughout the session touching an intraday high of 42,400.25

Of the 96 traded companies in the KSE100 Index 59 closed up 34 closed down, while 3 remained unchanged. Total volume traded for the index was 388.89 million shares.

Sectors propping up the index were Cement with 58 points, Fertilizer with 55 points, Technology & Communication with 36 points, Oil & Gas Marketing Companies with 29 points and Power Generation & Distribution with 23 points.

The most points added to the index was by LUCK which contributed 41 points followed by SYS with 33 points, FFC with 28 points, HUBC with 23 points and HASCOL with 22 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 47 points, Paper & Board with 6 points, Textile Composite with 4 points, Miscellaneous with 4 points and Automobile Parts & Accessories with 1 points.

The most points taken off the index was by POL which stripped the index of 21 points followed by HBL with 13 points, PPL with 10 points, OGDC with 8 points and MARI with 8 points.

All Share Volume decreased by 9.18 Million to 748.90 Million Shares. Market Cap increased by Rs.55.00 Billion.

Total companies traded were 434 compared to 419 from the previous session. Of the scrips traded 273 closed up, 134 closed down while 27 remained unchanged.

Total trades decreased by 3,144 to 198,505.

Value Traded decreased by 1.07 Billion to Rs.23.68 Billion

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