Closing Bell: PSX endures another lackluster trading session

Jun 19, 2019 (MLN): The last week’s post budget relief rally didn’t last long as the benchmark index on Wednesday endured another lackluster trading session. The ongoing tensions between the government and opposition parties continued to hold back investor sentiment.

The KSE100 index ended today's trading session  with a 25.60 points or 0.07 percent decline to close at 34,656.12.

The Index traded in a range of 287.65 points or 0.83 percent of previous close, showing an intraday high of 34,810.06 and a low of 34,522.41.

Of the 95 traded companies in the KSE100 Index 41 closed up 51 closed down, while 3 remained unchanged. Total volume traded for the index was 74.20 million shares.

Sector wise, the index was let down by Commercial Banks with 32 points, Fertilizer with 25 points, Automobile Assembler with 17 points, Power Generation & Distribution with 7 points and Refinery with 6 points.

The most points taken off the index was by FFC which stripped the index of 20 points followed by HBL with 14 points, NBP with 14 points, INDU with 11 points and HUBC with 9 points.

Sectors propping up the index were Oil & Gas Exploration Companies with 52 points, Oil & Gas Marketing Companies with 16 points, Cement with 5 points, Engineering with 5 points and Inv. Banks / Inv. Cos. / Securities Cos. with 3 points.

The most points added to the index was by OGDC which contributed 31 points followed by MCB with 19 points, SNGP with 10 points, NESTLE with 9 points and PSO with 9 points.

All Share Volume decreased by 4.78 Million to 99.35 Million Shares. Market Cap increased by Rs.0.16 Billion.

Total companies traded were 316 compared to 319 from the previous session. Of the scrips traded 136 closed up, 160 closed down while 20 remained unchanged.

Total trades decreased by 7,545 to 39,451.

Value Traded decreased by 0.60 Billion to Rs.3.44 Billion

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