Closing Bell: Thank God it's Friday!

Aug 02, 2019 (MLN): The benchmark KSE-100 index extended its losses on Friday and shed 172.70 points or 0.54 percent to close the week at 31,666.41 points.

During the week, investors remained concerned over upcoming earnings announcement, recent attempts to implement IMF proposed structural changes, rising inflation and fear of further PKR depreciation that kept the market participants’ sentiments in check.

Througout the day, index traded in a range of 410.14 points or 1.29 percent of previous close, showing an intraday high of 31,841.27 and a low of 31,431.13.

Of the 86 traded companies in the KSE100 Index 35 closed up 50 closed down, while 1 remained unchanged. Total volume traded for the index was 36.45 million shares.

Sector wise, the index was let down by Commercial Banks with 115 points, Oil & Gas Exploration Companies with 64 points, Oil & Gas Marketing Companies with 26 points, Chemical with 6 points and Pharmaceuticals with 5 points.

The most points taken off the index was by PPL which stripped the index of 40 points followed by HBL with 32 points, MCB with 26 points, UBL with 24 points and NBP with 14 points.

Sectors propping up the index were Food & Personal Care Products with 13 points, Power Generation & Distribution with 12 points, Cement with 9 points, Textile Composite with 7 points and Engineering with 5 points.

The most points added to the index was by HUBC which contributed 12 points followed by NESTLE with 10 points, LUCK with 9 points, ISL with 5 points and PKGS with 4 points.

All Share Volume decreased by 24.20 Million to 46.45 Million Shares. Market Cap decreased by Rs.20.17 Billion.

Total companies traded were 311 compared to 344 from the previous session. Of the scrips traded 145 closed up, 149 closed down while 17 remained unchanged.

Total trades decreased by 7,670 to 25,965.

Value Traded increased by 0.03 Billion to Rs.2.03 Billion

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