Closing Bell: Sluggish trading as investors adopt wait ‘n’ watch approach

News Image

MG News | July 11, 2019 at 05:45 PM GMT+05:00

0:00

July 11, 2019 (MLN):  The domestic equity market on Thursday endured another volatile trading session, as the Benchmark KSE – 100 index observed lackluster activity throughout the day and landed in consolidation by the end of it.

Absence of any significant trigger forced the investors to remain sidelined, moreover, market participants adopted wait and watch approach due to much-awaited clarity on a hike in policy rate in the forthcoming Monetary policy meeting.

As a result, the Benchmark KSE100 index ended the trading session  with a 35.35 points or 0.10 percent gain to close at 33,875.40.

The Index traded in a range of 236.96 points or 0.70 percent of previous close, showing an intraday high of 33,959.24 and a low of 33,722.28.

Of the 87 traded companies in the KSE100 Index 36 closed up 47 closed down, while 4 remained unchanged. Total volume traded for the index was 23.39 million shares.

Sectors propping up the index were Commercial Banks with 42 points, Fertilizer with 19 points, Oil & Gas Marketing Companies with 10 points, Oil & Gas Exploration Companies with 9 points and Sugar & Allied Industries with 2 points.

The most points added to the index was by HBL which contributed 33 points followed by ENGRO with 16 points, UBL with 14 points, POL with 9 points and MCB with 8 points.

Sector wise, the index was let down by Pharmaceuticals with 11 points, Chemical with 8 points, Automobile Assembler with 7 points, Textile Composite with 5 points and Food & Personal Care Products with 3 points.

The most points taken off the index was by MARI which stripped the index of 7 points followed by NATF with 5 points, MEBL with 5 points, INDU with 4 points and HMB with 4 points.

All Share Volume decreased by 1.13 Million to 39.49 Million Shares. Market Cap decreased by Rs.5.33 Billion.

Total companies traded were 305 compared to 301 from the previous session. Of the scrips traded 114 closed up, 168 closed down while 23 remained unchanged.

Total trades decreased by 798 to 18,307.

Value Traded decreased by 0.20 Billion to Rs.1.44 Billion.

Company Volume

Top Ten by Volume

Dost Steels 4,387,500
Maple Leaf Cement Factory 2,716,000
The Hub Power Company 2,212,500
Lotte Chemical Pakistan 2,137,000
TPL Corp 2,122,000
Pak Elektron 1,056,500
K-Electric 846,500
TRG Pakistan 838,000
Shabbir Tiles & Ceramics 801,500
Unity Foods 789,500

 

Sector Volume

Top Sector by Volume

Cement 5,515,500
Engineering 5,207,000
Chemical 3,742,450
Commercial Banks 3,711,600
Technology & Communication 3,542,500
Power Generation & Distribution 3,452,500
Oil & Gas Marketing Companies 2,163,100
Fertilizer 1,645,000
Cable & Electrical Goods 1,059,500
Glass & Ceramics 906,000

 

 

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 120,155.00 123,615.00
118,675.00
1625.00
1.37%
BRENT CRUDE 69.18 71.53
69.08
-1.18
-1.68%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 106.60
106.50
-2.20
-2.02%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.96 69.65
66.84
-1.49
-2.18%
SUGAR #11 WORLD 16.31 16.67
16.27
-0.26
-1.57%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg