Closing Bell: Oh, What fresh Hell is this?

November 21, 2019 (MLN): Yesterday’s losses on trading floors extended to today’s session as the benchmark KSE-100 index incurred heavy losses of 936 points and settled at 37,101 level.

The investors were taken aback by the performance of the equity market, especially after the latter took everyone by surprise by outperforming world’s leading stock markets during the last three months.

The 100 Index traded lower sharply ahead of the monetary policy statement which will be announced tomorrow. Moreover, the yields of 3 and 12 Months T-bills increased by 30 and 46 basis points respectively in yesterday’s auction which resulted in selling pressure for investors.

The Index traded in a range of 1062.08 points or 2.79 percent of the previous close, showing an intraday high of 38,095.36 and a low of 37,033.28.

Of the 96 traded companies in the KSE100 Index 6 closed up 89 closed down, while 1 remained unchanged. Total volume traded for the index was 146.54 million shares.

Sector wise, the index was let down by Commercial Banks with 208 points, Fertilizer with 114 points, Oil & Gas Exploration Companies with 100 points, Power Generation & Distribution with 96 points and Cement with 95 points.

The most points taken off the index was by HUBC which stripped the index of 69 points followed by ENGRO with 59 points, LUCK with 53 points, PSO with 44 points and PPL with 43 points.

Sectors propping up the index were

The most points added to the index was by NESTLE which contributed 5 points followed by AICL with 3 points, HASCOL with 2 points and GATM with 1 point.

All Share Volume decreased by 95.07 Million to 232.57 Million Shares. Market Cap decreased by Rs.142.04 Billion.

Total companies traded were 384 compared to 384 from the previous session. Of the scrips traded 69 closed up, 304 closed down while 11 remained unchanged.

Total trades decreased by 13,922 to 81,979.

Value Traded decreased by 3.32 Billion to Rs.8.10 Billion

CompanyVolume

Top Ten by Volume

K-Electric12,131,500
Pak Elektron10,324,000
TRG Pakistan9,512,000
The Bank of Punjab8,509,500
Unity Foods8,494,500
Ittefaq Iron Industries8,259,000
Pioneer Cement8,221,500
Pakistan International Bulk Terminal7,353,500
D.G. Khan Cement Company6,503,500
Fauji Cement Company6,267,500

 

SectorVolume

Top Sector by Volume

Cement36,953,700
Technology & Communication22,615,500
Engineering22,047,000
Commercial Banks20,676,000
Power Generation & Distribution15,714,000
Chemical13,714,520
Cable & Electrical Goods12,123,350
Oil & Gas Marketing Companies11,253,100
Transport9,850,100
Inv. Banks / Inv. Cos. / Securities Cos.8,837,500

 

 

Copyright Mettis Link News

 

Posted on: 2019-11-21T17:41:00+05:00

31222