Closing Bell: Pffft...

April 15, 2020 (MLN): The KSE-100 index gained only 19 points in today’s session and closed at 31,242 points, i.e. 0.06 percent higher than the closing of the previous session.

The trading started on a very optimistic note after the federal government announced ease in lockdown for certain sectors. However, the index quickly lost momentum after oil prices fell to their lowest level in 18 years.

The Index traded in a range of 617.67 points or 1.98 percent of previous close, showing an intraday high of 31,798.33 and a low of 31,180.66.

Of the 95 traded companies in the KSE100 Index 57 closed up 37 closed down, while 1 remained unchanged. Total volume traded for the index was 145.43 million shares.

Sectors propping up the index were Inv. Banks / Inv. Cos. / Securities Cos. with 60 points, Cement with 41 points, Fertilizer with 26 points, Pharmaceuticals with 23 points and Engineering with 13 points.

The most points added to the index was by DAWH which contributed 59 points followed by LUCK with 18 points, FFC with 14 points, ABOT with 12 points and EPCL with 11 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 107 points, Commercial Banks with 36 points, Food & Personal Care Products with 21 points, Automobile Assembler with 11 points and Power Generation & Distribution with 8 points.

The most points taken off the index was by OGDC which stripped the index of 37 points followed by PPL with 35 points, POL with 29 points, NESTLE with 25 points and BAFL with 16 points.

All Share Volume increased by 55.18 Million to 185.59 Million Shares. Market Cap decreased by Rs.3.01 Billion.

Total companies traded were 354 compared to 327 from the previous session. Of the scrips traded 209 closed up, 131 closed down while 14 remained unchanged.

Total trades increased by 25,651 to 88,715.

Value Traded increased by 2.67 Billion to Rs.7.48 Billion

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