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Closing Bell: The benchmark ends almost flat

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November 5, 2019 (MLN): The stock market opened higher in continuation of yesterday’s strong performance by gaining 330 points in the initial hours of the trading session. However, the KSE-100 fell flat on its face in later hours, gained merely 81 points by the end of the session and closed at 35,358-mark.

Investors resorted to profit-taking in later hours. Moreover, political uncertainty arose due to Azadi march kept the index under check.

The Index traded in a range of 366.18 points or 1.04 percent of previous close, showing an intraday high of 35,606.55 and a low of 35,240.37.

Of the 91 traded companies in the KSE100 Index 52 closed up 38 closed down, while 1 remained unchanged. Total volume traded for the index was 169.45 million shares.

Sectors propping up the index were Fertilizer with 28 points, Automobile Assembler with 21 points, Chemical with 20 points, Textile Composite with 18 points and Oil & Gas Marketing Companies with 18 points.

The most points added to the index was by ENGRO which contributed 32 points followed by MCB with 32 points, SNGP with 21 points, INDU with 14 points and COLG with 9 points.

Sector wise, the index was let down by Power Generation & Distribution with 34 points, Commercial Banks with 24 points, Engineering with 5 points, Automobile Parts & Accessories with 3 points and Food & Personal Care Products with 2 points.

The most points taken off the index was by HUBC which stripped the index of 43 points followed by UBL with 19 points, LUCK with 15 points, FFC with 13 points and HBL with 12 points.

All Share Volume increased by 100.70 Million to 308.48 Million Shares. Market Cap increased by Rs.23.46 Billion.

Total companies traded were 370 compared to 370 from the previous session. Of the scrips traded 194 closed up, 153 closed down while 23 remained unchanged.

Total trades increased by 12,207 to 83,227.

Value Traded increased by 0.20 Billion to Rs.8.68 Billion

Company Volume

Top Ten by Volume

Worldcall Telecom 81,714,000
Maple Leaf Cement Factory 15,276,500
Lotte Chemical Pakistan 12,722,000
TRG Pakistan 12,288,000
Engro Polymer & Chemicals 8,423,500
K-Electric 7,844,000
Unity Foods 7,717,000
Fauji Cement Company 7,663,500
Sui Northern Gas Pipelines 7,662,500
Pak Elektron 7,658,000


Sector Volume

Top Sector by Volume

Technology & Communication 99,547,500
Cement 40,817,600
Chemical 28,370,170
Oil & Gas Marketing Companies 18,330,000
Commercial Banks 12,313,400
Refinery 11,293,400
Power Generation & Distribution 10,812,500
Engineering 9,309,300
Fertilizer 8,853,100
Cable & Electrical Goods 7,998,650


Posted on: 2019-11-05T17:28:00+05:00