Closing Bell: The storm refuses to calm down

July 29, 2019 (MLN): The equity markets witnessed a depressing trading session throughout the day, which led to the benchmark KSE-100 index losing nearly 369 points, and closing at 31,734-mark.

As pointed out previously, the last time index descended this low was back in March 3, 2016. It traded within a range of 404 points, and went as low as 31,717 points during the entire session.

Of the 89 traded companies in the KSE-100 Index, 17 closed up whereas 67 closed down. Total volume traded for the index was 37,362,480 shares.

Sector wise, the index was let down by Commercial Banks with 79 points, Fertilizer with 42 points, Power Generation & Distribution with 48 points, Cement with 41 points and Oil & Gas Marketing Companies with 39 points.

The most points taken off the index was by HUBC which stripped the index of 39 points followed by UBL with 27 points, ENGRO with 26 points, BAFL with 19 points and PPL with 18 points.

Of the 265 scrips traded, 57 closed up, 194 closed down while 14 remained unchanged.

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