Closing Bell: Tender Surrender

Sep 13, 2019 (MNL): After delivering a strong performance in the last three sessions, the stock market failed to maintain the rising momentum as the benchmark index lost 65 points or 0.21% to conclude today’s trade at 31,481 points.

The disruption in the bull’s stride was a result of the looming shadow of doubt amongst some market participants, regarding the upcoming Monetary Policy Announcement scheduled for Monday, September 16, 2019.

During the three-day trading week, the index gained over 1,000 points, nudged on by positive results expected from the FATF meeting that took place in Bangkok this week, as well as the general expectation of a rate cut. 

The Index traded in a range of 348.21 points or 1.10 percent of previous close, today, showing an intraday high of 31,628.23 and a low of 31,280.02.

Of the 93 traded companies in the KSE100 Index 47 closed up 38 closed down, while 8 remained unchanged. Total volume traded for the index was 82.91 million shares.

Sector wise, the index was let down by Commercial Banks with 116 points, Automobile Assembler with 23 points, and Power Generation & Distribution with 23 points,

The most points taken off the index was by HBL which stripped the index of 69 points followed by HUBC with 35 points, MCB with 34 points, MARI with 17 points and BAHL with 17 points.

Meanwhile, the sectors propping up the index were Cement with 43 points, Fertilizer with 16 points, and Insurance with 11 points.

The most points added to the index was by LUCK which contributed 47 points followed by EFERT with 15 points, KAPCO with 15 points, PPL with 14 points and UBL with 10 points.

One the other hand, the KSE All Share Volume decreased by 82.75 Million to 103.09 Million Shares while the Market Cap decreased by Rs.10.57 Billion.

Total companies traded today were 340 compared to 360 from the previous session. Of the scrips traded 159 closed up, 153 closed down while 28 remained unchanged.

Total trades decreased by 15,984 to 47,650 whereas the Value Traded decreased by 3.45 Billion to Rs.4.67 Billion


Top Ten by Volume

Maple Leaf Cement Factory7,524,000
Unity Foods7,126,000
Oil & Gas Development Company6,819,500
Pak Elektron5,114,000
Lotte Chemical Pakistan4,781,000
Worldcall Telecom4,348,000
D.G. Khan Cement Company4,018,000
Fauji Cement Company3,527,500
Engro Fertilizers2,981,000

Top Sector by Volume

Oil & Gas Exploration Companies9,019,500
Power Generation & Distribution7,542,000
Vanaspati & Allied Industries7,131,100
Technology & Communication6,878,500
Commercial Banks6,629,000
Cable & Electrical Goods5,357,250
Oil & Gas Marketing Companies4,386,400

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Posted on: 2019-09-13T18:11:00+05:00