Closing Bell: Manic Panic!

February 27, 2020 (MLN): The KSE-100 index on Thursday became heavily exposed to the tension and anxiety surrounding the plague, the two cases of which were detected in the country earlier on Wednesday.

As a result, the benchmark index lost nearly 1,300 points in the initial hours of the session, but was quick to recover as the points lost came down to only 251 points, with the index ultimately closing at 38,087-mark.

The Index remained negative throughout the session touching an intraday low of 36,920.17

Of the 95 traded companies in the KSE100 Index 25 closed up 68 closed down, while 2 remained unchanged. Total volume traded for the index was 186.77 million shares.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 131 points, Oil & Gas Marketing Companies with 50 points, Food & Personal Care Products with 42 points, Automobile Assembler with 25 points and Insurance with 25 points.

The most points taken off the index was by PPL which stripped the index of 55 points followed by OGDC with 46 points, POL with 31 points, BAHL with 24 points and NESTLE with 24 points.

Sectors propping up the index were Commercial Banks with 62 points, Cement with 27 points, Textile Composite with 7 points, Automobile Parts & Accessories with 5 points and Engineering with 2 points.

The most points added to the index was by UBL which contributed 62 points followed by HBL with 30 points, MCB with 21 points, LUCK with 16 points and ENGRO with 16 points.

All Share Volume increased by 101.30 Million to 249.24 Million Shares. Market Cap decreased by Rs.78.44 Billion.

Total companies traded were 361 compared to 348 from the previous session. Of the scrips traded 103 closed up, 244 closed down while 14 remained unchanged.

Total trades increased by 27,025 to 89,455.

Value Traded increased by 3.05 Billion to Rs.10.00 Billion

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