Closing Bell: Thunderstruck!

Aug 07, 2020 (MNL): The KSE-100 index ended the trading session on Friday with a 136.43 point or 0.34 percent decline to close at 40,029.69, as investors resorted to profit-taking after enjoying a week full of boons.

The overall gains during the week amounted to 771 points, i.e. 1.96% higher than the previous week.

The Index traded in a range of 505.17 points or 1.26 percent of previous close, showing an intraday high of 40,467.09 and a low of 39,961.92.

Of the 94 traded companies in the KSE100 Index 40 closed up 53 closed down, while 1 remained unchanged. Total volume traded for the index was 368.85 million shares.

Sector wise, the index was let down by Commercial Banks with 68 points, Oil & Gas Exploration Companies with 43 points, Cement with 30 points, Power Generation & Distribution with 30 points and Fertilizer with 21 points.

The most points taken off the index was by UBL which stripped the index of 40 points followed by HBL with 33 points, HUBC with 26 points, MCB with 17 points and POL with 15 points.

Sectors propping up the index were Textile Composite with 23 points, Transport with 16 points, Insurance with 15 points, Engineering with 9 points and Cable & Electrical Goods with 7 points.

The most points added to the index was by MEBL which contributed 21 points followed by PIBTL with 16 points, KTML with 15 points, IGIHL with 13 points and PSMC with 9 points.

All Share Volume decreased by 98.04 Million to 728.77 Million Shares. Market Cap decreased by Rs.8.14 Billion.

Total companies traded were 402 compared to 415 from the previous session. Of the scrips traded 197 closed up, 188 closed down while 17 remained unchanged.

Total trades decreased by 10,365 to 185,126.

Value Traded decreased by 1.34 Billion to Rs.23.01 Billion

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