Closing Bell: Stranger Things

July 10, 2020 (MNL): After enjoying a 10-day long positive streak, the KSE-100 index ended the last day of the week on a neutral note and closed the session at 36,190-mark after gaining merely 48 points.

The benchmark index remained range-bound throughout the session and kept oscilating between the red and green zone, ultimately succumbing to profit-taking.

The Index traded in a range of 270.75 points or 0.75 percent of previous close, showing an intraday high of 36,275.95 and a low of 36,005.20.

Of the 91 traded companies in the KSE100 Index 46 closed up 43 closed down, while 2 remained unchanged. Total volume traded for the index was 189.99 million shares.

Sectors propping up the index were Cement with 48 points, Commercial Banks with 40 points, Fertilizer with 16 points, Insurance with 5 points and Miscellaneous with 5 points.

The most points added to the index was by LUCK which contributed 22 points followed by NBP with 17 points, ENGRO with 15 points, MLCF with 10 points and BAHL with 9 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 20 points, Pharmaceuticals with 18 points, Oil & Gas Marketing Companies with 12 points, Inv. Banks / Inv. Cos. / Securities Cos. with 4 points and Automobile Parts & Accessories with 3 points.

The most points taken off the index was by PPL which stripped the index of 13 points followed by TRG with 12 points, OGDC with 9 points, PSO with 9 points and GLAXO with 7 points.

All Share Volume decreased by 174.78 Million to 292.71 Million Shares. Market Cap increased by Rs.7.02 Billion.

Total companies traded were 358 compared to 378 from the previous session. Of the scrips traded 167 closed up, 174 closed down while 17 remained unchanged.

Total trades decreased by 55,995 to 97,922.

Value Traded decreased by 6.10 Billion to Rs.9.58 Billion

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