Closing Bell: SC’s verdict extends rally

November 28, 2019 (MLN): The stock market rallied on Thursday as Supreme Court has allowed the six months extension to Chief of Army Staff.

The stocks jumped high of 583 points in a single day to close the trading session at 38,706 points.

The Index remained positive throughout the session touching an intraday high of 38,846.45

Of the 96 traded companies in the KSE100 Index 85 closed up 10 closed down, while 1 remained unchanged. The total volume traded for the index was 213.04 million shares.

Sectors propping up the index were Commercial Banks with 91 points, Power Generation & Distribution with 75 points, Cement with 59 points, Oil & Gas Exploration Companies with 48 points and Oil & Gas Marketing Companies with 46 points.

The most points added to the index were by HUBC which contributed 68 points followed by PSO with 31 points, MCB with 30 points, LUCK with 29 points and NBP with 23 points.

Sector-wise, the index was let down by Miscellaneous with 7 points and Paper & Board with 3 points.

The most points taken off the index was by SHFA which stripped the index of 7 points followed by HBL with 5 points, BAFL with 4 points, PMPK with 3 points and PKGS with 3 points.

All Share Volume increased by 120.11 Million to 348.53 Million Shares. Market Cap increased by Rs.101.56 Billion.

Total companies traded were 396 compared to 366 from the previous session. Of the scrips traded 316 closed up, 64 closed down while 16 remained unchanged.

Total trades increased by 25,683 to 107,659.

Value Traded increased by 4.14 Billion to Rs.12.15 Billion

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