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Closing Bell: Shred of uncertainty

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Feb 18, 2020 (MLN): The stock market displayed another dull session today with the benchmark KSE-100 index dipped by 101 points or 0.25% from yesterday’s session and closed the day at 40,175 mark.

The market opened on a positive note, however, the rally failed to maintain the momentum and retreated into the red zone.

The volatility in the index might attributable to news flows which suggest that IMF has rejected Government's request for a delay in energy tariff / tax hikes up to next fiscal year which created some uncertainty over macros, a report by Ismail Iqbal Securities said.

The Index traded in a range of 536.44 points or 1.33 percent of previous close, showing an intraday high of 40,600.80 and a low of 40,064.36.

Of the 88 traded companies in the KSE100 Index 36 closed up 51 closed down, while 1 remained unchanged. Total volume traded for the index was 70.40 million shares.

Sector wise, the index was let down by Oil & Gas Marketing Companies with 47 points, Tobacco with 38 points, Technology & Communication with 17 points, Power Generation & Distribution with 16 points and Insurance with 15 points.

The most points taken off the index was by PSO which stripped the index of 44 points followed by PAKT with 38 points, PPL with 23 points, COLG with 14 points and SYS with 14 points.

Sectors propping up the index were Fertilizer with 25 points, Oil & Gas Exploration Companies with 13 points, Commercial Banks with 9 points, Textile Composite with 8 points and Inv. Banks / Inv. Cos. / Securities Cos. with 7 points.

The most points added to the index was by HBL which contributed 45 points followed by OGDC with 37 points, MCB with 22 points, FFC with 17 points and ENGRO with 7 points.

All Share Volume decreased by 8.32 Million to 91.64 Million Shares. Market Cap decreased by Rs.52.80 Billion.

Total companies traded were 334 compared to 327 from the previous session. Of the scrips traded 119 closed up, 192 closed down while 23 remained unchanged.

Total trades decreased by 363 to 43,113.

Value Traded increased by 0.49 Billion to Rs.4.87 Billion

Company Volume

Top Ten by Volume

Unity Foods 13,375,500
Habib Bank 5,376,100
Pakistan State Oil Company 4,612,500
Lotte Chemical Pakistan 4,474,500
D.G. Khan Cement Company 4,046,500
Summit Bank 3,999,000
Kot Addu Power Company 3,354,000
K-Electric 2,835,500
The Bank of Punjab 2,678,000
Hascol Petroleum 2,570,000


Sector Volume

Top Sector by Volume

Commercial Banks 16,806,300
Vanaspati & Allied Industries 13,376,900
Technology & Communication 8,545,900
Cement 8,137,300
Oil & Gas Marketing Companies 8,019,600
Power Generation & Distribution 7,758,000
Chemical 6,188,390
Oil & Gas Exploration Companies 3,264,600
Food & Personal Care Products 2,332,150
Fertilizer 2,225,900



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Posted on: 2020-02-18T17:17:00+05:00