Closing Bell: Supercalifragilisticexpialidocious!

March 27, 2020 (MLN): Finally, the capital market staged a turnaround on the last trading day of the week by gaining 842 points i.e. around 3.1% higher than the previous session and closed at 28,109-mark.

Global capital markets’ recovery and intervention of SBP into the Inter-bank market to help PKR gains from record low contributed to the improvement in investors' sentiments.

Moreover, the fiscal stimulus package by the government, as the power division asked DISCOs to give relief to the lowest slab consumers and regulatory measures adopted by SBP to support financial markets caused much clarity to investors.

The Index traded in a range of 1120.43 points or 4.11 percent of the previous close, showing an intraday high of 28,273.09 and a low of 27,152.66.

Of the 90 traded companies in the KSE100 Index, 73 closed up 15 closed down, while 2 remained unchanged. The total volume traded for the index was 141.97 million shares.

Sectors propping up the index were Fertilizer with 194 points, Commercial Banks with 185 points, Cement with 126 points, Power Generation & Distribution with 112 points and Oil & Gas Exploration Companies with 41 points.

The most points added to the index were by ENGRO which contributed 100 points followed by HUBC with 94 points, MCB with 78 points, UBL with 67 points and LUCK with 60 points.

Sector-wise, the index was let down by Insurance with 8 points and Real Estate Investment Trust with 2 points.

The most points taken off the index were by HBL which stripped the index of 30 points followed by OGDC with 11 points, EFUG with 9 points, ARPL with 7 points and ABOT with 3 points.

All Share Volume decreased by 17.31 Million to 169.44 Million Shares. Market Cap increased by Rs.117.55 Billion.

Total companies traded were 304 compared to 347 from the previous session. Of the scrips traded 228 closed up, 56 closed down while 20 remained unchanged.

Total trades decreased by 15,122 to 53,929.

Value Traded decreased by 1.30 Billion to Rs.4.23 Billion

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