Closing Bell: The stock market starts the week on a neutral note

September 30, 2019 (MLN):  The KSE-100 Index remained in consolidation by the end of today’s session with minor gains of 8 points and closed at 32,078 points, marking a growth of 0.03% from previous session’s closing as investors continued hunt for value stocks.

The Index traded in a range of 465.51 points or 1.45 percent of previous close, showing an intraday high of 32,395.67 and a low of 31,930.16.

Of the 95 traded companies in the KSE100 Index 42 closed up 47 closed down, while 6 remained unchanged. Total volume traded for the index was 142.81 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 42 points, Fertilizer with 14 points, Textile Composite with 8 points, Oil & Gas Marketing Companies with 8 points and Transport with 4 points.

The most points added to the index was by PPL which contributed 29 points followed by POL with 14 points, BAFL with 10 points, EFUG with 7 points and EFERT with 6 points.

Sector wise, the index was let down by Commercial Banks with 26 points, Tobacco with 11 points, Inv. Banks / Inv. Cos. / Securities Cos. with 11 points, Cement with 9 points and Automobile Assembler with 6 points.

The most points taken off the index was by HBL which stripped the index of 23 points followed by LUCK with 16 points, PMPK with 11 points, DAWH with 11 points and UBL with 8 points.

All Share Volume increased by 30.89 Million to 166.05 Million Shares. Market Cap decreased by Rs.2.85 Billion.

Total companies traded were 363 compared to 344 from the previous session. Of the scrips traded 181 closed up, 156 closed down while 26 remained unchanged.

Total trades decreased by 378 to 44,465.

Value Traded decreased by 0.02 Billion to Rs.4.24 Billion

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