Closing Bell: The bears return to the trading floors

October 25, 2019 (MLN):  The benchmark KSE-100 Index started the day on a positive note, however, the bullish sentiments proved short-lived till mid-day and the index again turned negative towards the end.

The benchmark KSE -100 index lost 105 points at today’s close and settled at 33,657 level amid lack of positive triggers resulted in selling pressure for investors.

The Index traded in a range of 336.09 points or 1.00 percent of previous close, showing an intraday high of 33,937.16 and a low of 33,601.07.

Of the 90 traded companies in the KSE100 Index 32 closed up 53 closed down, while 5 remained unchanged. Total volume traded for the index was 114.54 million shares.

Sector wise, the index was let down by Commercial Banks with 42 points, Power Generation & Distribution with 32 points, Inv. Banks / Inv. Cos. / Securities Cos. with 10 points, Chemical with 7 points and Food & Personal Care Products with 7 points.

The most points taken off the index was by HUBC which stripped the index of 29 points followed by HBL with 23 points, BAHL with 13 points, COLG with 13 points and MCB with 11 points.

Sectors propping up the index were Transport with 19 points, Cement with 7 points, Leather & Tanneries with 4 points and Cable & Electrical Goods with 3 points.

The most points added to the index was by PIBTL which contributed 19 points followed by NBP with 9 points, BOP with 8 points, OGDC with 6 points and DGKC with 6 points.

All Share Volume increased by 49.53 Million to 170.86 Million Shares. Market Cap decreased by Rs.22.15 Billion.

Total companies traded were 357 compared to 353 from the previous session. Of the scrips traded 146 closed up, 180 closed down while 31 remained unchanged.

Total trades increased by 3,894 to 49,544.

Value Traded increased by 0.04 Billion to Rs.4.02 Billion

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