November 27, 2019 (MLN): The stock market continued to oscillate between red and green districts in intraday, and ultimately the KSE-100 index settled on a greener side by gaining a net of 38,122 points.
Due to rising uncertainty on the issue surrounding the extension in the tenure of army chief since yesterday, the index dipped over 123 points in intraday. Considering this issue to be a procedural issue, which will be resolved by the Govt., the market took a positive view of the situation and partly recovered points lost in yesterday’s trading, as per Arif Habib Limited.
The Index traded in a range of 451.33 points or 1.19 per cent of the previous close, showing an intraday high of 38,122.72 and a low of 37,671.39.
Of the 94 traded companies in the KSE100 Index, 64 closed up 29 closed down, while 1 remained unchanged. Total volume traded for the index was 140.17 million shares.
Sectors propping up the index were Commercial Banks with 132 points, Power Generation & Distribution with 31 points, Tobacco with 31 points, Fertilizer with 22 points and Automobile Parts & Accessories with 14 points.
The most points added to the index was by MCB which contributed 53 points followed by FFC with 39 points, PAKT with 32 points, HUBC with 30 points and HBL with 28 points.
Sector-wise, the index was let down by Oil & Gas Exploration Companies with 6 points and Close – End Mutual Fund with 1 point.
The most points taken off the index was by ENGRO which stripped the index of 19 points followed by PPL with 13 points, MARI with 12 points, COLG with 9 points and EFERT with 4 points.
All Share Volume decreased by 260.28 Million to 228.42 Million Shares. Market Cap increased by Rs.69.40 Billion.
Total companies traded were 366 compared to 378 from the previous session. Of the scrips traded 231 closed up, 118 closed down while 17 remained unchanged.
Total trades decreased by 64,148 to 81,976.
Value Traded decreased by 10.40 Billion to Rs.8.00 Billion
|Maple Leaf Cement Factory||15,323,000|
|The Bank of Punjab||6,461,500|
|Ittefaq Iron Industries||6,150,500|
|Fauji Fertilizer Bin Qasim||5,391,500|
|Fauji Cement Company||4,819,000|
|Vanaspati & Allied Industries||24,033,000|
|Food & Personal Care Products||23,624,410|
|Technology & Communication||16,292,500|
|Cable & Electrical Goods||10,668,600|
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