Closing Bell: Stock market consolidates in a narrow range

December 12, 2019 (MLN): After yesterday’s dull performance of the stock market, the index, today, oscillated between red and green zones and at last concluded in consolidation.  Absence of positive triggers resulted in selling pressure for investors. However, yesterday’s decline in PIB yields failed to drive up the index.

The KSE-100 Index inched lower by 17 points or 0.04% decline from the previous day’s closing to settle at 40,514 level.

The Index traded in a range of 603.42 points or 1.49 per cent of the previous close, showing an intraday high of 40,773.66 and a low of 40,170.24.

Of the 96 traded companies in the KSE100 Index, 31 closed up 63 closed down, while 2 remained unchanged. Total volume traded for the index was 154.10 million shares.

Sector-wise, the index was let down by Oil & Gas Marketing Companies with 25 points, Commercial Banks with 25 points, Cement with 21 points, Power Generation & Distribution with 17 points and Pharmaceuticals with 15 points.

The most points taken off the index was by BAHL which stripped the index of 24 points followed by SNGP with 15 points, HUBC with 14 points, TRG with 12 points and SEARL with 12 points.

Sectors propping up the index were Oil & Gas Exploration Companies with 53 points, Tobacco with 32 points, Inv. Banks / Inv. Cos. / Securities Cos. with 27 points, Chemical with 13 points and Miscellaneous with 7 points.

The most points added to the index was by PAKT which contributed 35 points followed by PPL with 24 points, DAWH with 20 points, OGDC with 20 points and COLG with 13 points.

All Share Volume decreased by 78.01 Million to 227.02 Million Shares. Market Cap increased by Rs.28.11 Billion.

Total companies traded were 366 compared to 387 from the previous session. Of the scrips traded 125 closed up, 225 closed down while 16 remained unchanged.

Total trades decreased by 14,023 to 82,748.

Value Traded decreased by 2.43 Billion to Rs.8.41 Billion

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