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Closing Bell: PSX crashes by 785 pts as investors get cautious over rising Indo-Pak tension

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October 21, 2019 (MLN): The domestic equity market ended the first the week on a miserable note, as it shed 785 points or down by 2.32% from Friday’s closing and concluded today’s trade at 33,084 points level.

The KSE-100 index opened on a negative note and kept falling throughout the session on the back of tension on Pakistan-India border, moreover, political instability in the country has taken further toll on the equity market.

The Index traded in a range of 812.48 points or 2.40 percent of previous close, showing an intraday high of 33,882.41 and a low of 33,069.93.

Of the 92 traded companies in the KSE100 Index 7 closed up 82 closed down, while 3 remained unchanged. Total volume traded for the index was 100.27 million shares.

Sector wise, the index was let down by Commercial Banks with 227 points, Oil & Gas Exploration Companies with 106 points, Cement with 91 points, Power Generation & Distribution with 75 points and Oil & Gas Marketing Companies with 66 points.

The most points taken off the index was by HBL which stripped the index of 50 points followed by MCB with 49 points, LUCK with 47 points, HUBC with 46 points and PPL with 42 points.

Sectors propping up the index were Food & Personal Care Products with 3 points.

The most points added to the index was by NESTLE which contributed 12 points followed by ATLH with 4 points, JLICL with 4 points, SHFA with 3 points and KTML with 2 points.

All Share Volume increased by 15.06 Million to 130.29 Million Shares. Market Cap decreased by Rs.127.42 Billion.

Total companies traded were 351 compared to 367 from the previous session. Of the scrips traded 25 closed up, 313 closed down while 13 remained unchanged.

Total trades increased by 1,369 to 49,702.

Value Traded increased by 0.06 Billion to Rs.4.96 Billion

Company Volume

Top Ten by Volume

K-Electric 11,200,000
Lotte Chemical Pakistan 9,885,000
The Bank of Punjab 7,999,000
Fauji Cement Company 7,550,500
Unity Foods 6,252,500
Engro Fertilizers 5,982,500
TRG Pakistan 4,197,000
Hascol Petroleum 3,780,500
Amreli Steels 3,235,500
Pakistan International Bulk Terminal 3,226,500

 

Sector Volume

Top Sector by Volume

Commercial Banks 18,960,200
Cement 18,095,900
Chemical 15,110,470
Power Generation & Distribution 12,627,000
Fertilizer 9,003,500
Engineering 8,887,600
Technology & Communication 8,634,000
Oil & Gas Marketing Companies 7,486,200
Vanaspati & Allied Industries 6,253,000
Transport 4,278,900

 

 

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Posted on: 2019-10-21T17:44:00+05:00

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