Closing Bell: The trend remains bullish

November 7, 2019 (MLN): The KSE-100 index recorded a positive close of 105 points in today’s session and closed at 35,758 level, with an increase of 0.30% from the previous session’s closing.

The upcoming monetary policy was the main concern amongst investors due to higher than expected inflation as they were expecting a rate cut a few days back.  Moreover, investors resorted to profit-taking in Cement stocks.

The Index traded in a range of 369.08 points or 1.04 per cent of the previous close, showing an intraday high of 35,829.09 and a low of 35,460.01.

Of the 95 traded companies in the KSE100 Index, 43 closed up 49 closed down, while 3 remained unchanged. The total volume traded for the index was 134.37 million shares.

Sectors propping up the index were Fertilizer with 60 points, Oil & Gas Marketing Companies with 29 points, Oil & Gas Exploration Companies with 23 points, Tobacco with 21 points and Automobile Assembler with 20 points.

The most points added to the index were by PAKT which contributed 29 points followed by ENGRO with 28 points, POL with 26 points, PSO with 23 points and HUBC with 19 points.

Sector-wise, the index was let down by Cement with 43 points, Inv. Banks / Inv. Cos. / Securities Cos. with 8 points, Food & Personal Care Products with 8 points, Transport with 5 points and Commercial Banks with 5 points.

The most points taken off the index was by DGKC which stripped the index of 15 points followed by NESTLE with 11 points, FCCL with 11 points, DAWH with 10 points and LUCK with 9 points.

All Share Volume decreased by 32.10 Million to 265.97 Million Shares. Market Cap increased by Rs.13.52 Billion.

Total companies traded were 366 compared to 379 from the previous session. Of the scrips traded 155 closed up, 191 closed down while 20 remained unchanged.

Total trades decreased by 7,728 to 80,291.

Value Traded decreased by 2.50 Billion to Rs.8.03 Billion

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