Closing Bell: Stocks erase earlier losses to close slightly higher

October 09, 2019 (MLN): The domestic equity market on Wednesday witnessed a roller coaster ride throughout the trading session and ended the day marginally positive. After opening in the negative terrain, the benchmark index oscillated between red and green zones. At the end of trading, the benchmark KSE-100 Index recorded a positive close of 47points to settle at 33,524 level.

The Index traded in a range of 264.12 points or 0.79 percent of previous close, showing an intraday high of 33,604.55 and a low of 33,340.43.

Of the 92 traded companies in the KSE100 Index 43 closed up 45 closed down, while 4 remained unchanged. Total volume traded for the index was 160.19 million shares.

Sectors propping up the index were Pharmaceuticals with 28 points, Oil & Gas Exploration Companies with 23 points, Commercial Banks with 17 points, Power Generation & Distribution with 16 points and Chemical with 10 points.

The most points added to the index was by HUBC which contributed 27 points followed by MARI with 24 points, HBL with 18 points, UBL with 14 points and POL with 13 points.

Sector wise, the index was let down by Cement with 48 points, Engineering with 12 points, Automobile Assembler with 8 points, Fertilizer with 2 points and Paper & Board with 2 points.

The most points taken off the index was by LUCK which stripped the index of 23 points followed by MCB with 17 points, DGKC with 14 points, OGDC with 12 points and NBP with 12 points.

All Share Volume decreased by 5.35 Million to 237.68 Million Shares. Market Cap increased by Rs.9.61 Billion.

Total companies traded were 379 compared to 388 from the previous session. Of the scrips traded 202 closed up, 152 closed down while 25 remained unchanged.

Total trades decreased by 12,796 to 76,670.

Value Traded decreased by 2.51 Billion to Rs.6.40 Billion


Top Ten by Volume

Lotte Chemical Pakistan27,067,500
Unity Foods26,068,000
The Bank of Punjab14,031,000
Engro Polymer & Chemicals8,552,000
International Steels7,365,000
Pakistan International Bulk Terminal7,341,000
Dewan Cement7,198,500
Nimir Resins6,934,500
Fauji Foods6,421,500



Top Sector by Volume

Vanaspati & Allied Industries26,077,600
Commercial Banks22,436,300
Technology & Communication11,235,500
Power Generation & Distribution11,044,000
Oil & Gas Marketing Companies10,503,500
Food & Personal Care Products9,677,500



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Posted on: 2019-10-09T17:34:00+05:00