Closing Bell: Stocks retreat on profit booking

December 9, 2019 (MLN): The benchmark KSE-100 Index closed the first day of the week on a negative note. However, the stock market continued to oscillate between red and green districts in today's session, and ultimately settled at 40,442 level by losing 289 points as investors started booking profit, thus dragging the market down and erasing gains. 

The Index traded in a range of 608.69 points or 1.49 percent of previous close, showing an intraday high of 40,922.43 and a low of 40,313.74.

Of the 96 traded companies in the KSE100 Index 33 closed up 61 closed down, while 2 remained unchanged. Total volume traded for the index was 217.62 million shares.

Sector wise, the index was let down by Commercial Banks with 152 points, Cement with 64 points, Oil & Gas Marketing Companies with 58 points, Power Generation & Distribution with 45 points and Automobile Assembler with 27 points.

The most points taken off the index was by UBL which stripped the index of 60 points followed by HBL with 37 points, LUCK with 35 points, PSO with 33 points and HUBC with 30 points.

Sectors propping up the index were Fertilizer with 27 points, Oil & Gas Exploration Companies with 24 points, Food & Personal Care Products with 22 points, Chemical with 8 points and Pharmaceuticals with 7 points.

The most points added to the index was by ENGRO which contributed 23 points followed by NESTLE with 18 points, OGDC with 13 points, MARI with 10 points and EPCL with 8 points.

All Share Volume decreased by 96.84 Million to 320.08 Million Shares. Market Cap decreased by Rs.27.00 Billion.

Total companies traded were 388 compared to 382 from the previous session. Of the scrips traded 147 closed up, 223 closed down while 18 remained unchanged.

Total trades decreased by 17,539 to 105,749.

Value Traded decreased by 3.78 Billion to Rs.11.40 Billion

CompanyVolume

Top Ten by Volume

Unity Foods26,850,000
Maple Leaf Cement Factory18,773,000
Lotte Chemical Pakistan15,396,500
Pak Elektron14,189,000
Hascol Petroleum12,254,500
The Bank of Punjab10,900,000
Fauji Cement Company10,550,500
Fauji Foods9,650,500
K-Electric9,597,500
Pakistan International Bulk Terminal7,516,500

 

SectorVolume

Top Sector by Volume

Cement44,315,100
Chemical37,450,150
Technology & Communication28,777,500
Oil & Gas Marketing Companies27,363,000
Vanaspati & Allied Industries26,856,400
Commercial Banks23,063,900
Cable & Electrical Goods14,484,450
Transport14,417,000
Food & Personal Care Products13,397,780
Power Generation & Distribution13,280,500

 

 

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Posted on: 2019-12-09T17:35:00+05:00

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