Closing Bell: That's the spirit

July 28, 2020 (MLN): The momentum from yesterday’s session was seen on the trading floors today as well, as the KSE-100 index gained a further 406 points and closed at 38,627.27.

Investors remained positive throughout the session on the back of positive financial results of the companies for the period ended June 30, 2020. While there was some profit-taking witnessed in the Fertilizer and E&P sector, the impact of it got suppressed by the anticipation surrounding Monetary Policy meeting, which is expected to be held in September.

The Index remained positive throughout the session touching an intraday high of 38,699.33

Of the 97 traded companies in the KSE100 Index 70 closed up 23 closed down, while 4 remained unchanged. Total volume traded for the index was 241.93 million shares.

Sectors propping up the index were Commercial Banks with 171 points, Cement with 73 points, Technology & Communication with 30 points, Textile Composite with 23 points and Automobile Assembler with 20 points.

The most points added to the index was by LUCK which contributed 41 points followed by MEBL with 37 points, TRG with 32 points, BAHL with 31 points and MCB with 26 points.

Sector wise, the index was let down by Inv. Banks / Inv. Cos. / Securities Cos. with 6 points, Fertilizer with 3 points, Automobile Parts & Accessories with 2 points, Miscellaneous with 2 points and Leather & Tanneries with 1 points.

The most points taken off the index was by DAWH which stripped the index of 7 points followed by NESTLE with 7 points, JLICL with 7 points, ARPL with 4 points and FFC with 3 points.

All Share Volume increased by 106.19 Million to 394.30 Million Shares. Market Cap increased by Rs.59.57 Billion.

Total companies traded were 392 compared to 376 from the previous session. Of the scrips traded 251 closed up, 122 closed down while 19 remained unchanged.

Total trades increased by 20,535 to 141,190.

Value Traded increased by 2.92 Billion to Rs.16.20 Billion

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