Closing Bell: Trading floors channel mixed sentiments

Jun 12, 2019 (MNL): Equity markets exhibited a rather dull show in today’s trading session as the market participants channeled mixed sentiments throughout the larger part of the day.

The KSE – 100 index climbed up to an intraday high of 35,137 points during the initial minutes of the session, before gradually returning back to ground level. The trading floors observed sideways trading hereon.

Towards the end of the session, KSE – 100 index began its hike up once more until it ended the day in green zone, at 34,937 points, marking a gain of 278 points or 0.8%.

The Index traded in a range of 529.24 points or 1.53 percent of previous close, showing an intraday high of 35,137.56 and a low of 34,608.32.

Of the 90 traded companies in the KSE100 Index 55 closed up 30 closed down, while 5 remained unchanged. Total volume traded for the index was 113.57 million shares.

Sectors propping up the index were Fertilizer with 85 points, Oil & Gas Exploration Companies with 64 points, Cement with 44 points, Commercial Banks with 35 points and Pharmaceuticals with 12 points.

The most points added to the index was by PPL which contributed 41 points followed by HBL with 38 points, ENGRO with 34 points, FFC with 33 points and OGDC with 20 points.

Sector wise, the index was let down by Power Generation & Distribution with 16 points, Inv. Banks / Inv. Cos. / Securities Cos. with 5 points, Miscellaneous with 3 points, Automobile Parts & Accessories with 2 points and Glass & Ceramics with 1 points.

The most points taken off the index was by HUBC which stripped the index of 32 points followed by MEBL with 18 points, ABOT with 6 points, HMB with 5 points and JLICL with 5 points.

All Share Volume increased by 34.05 Million to 150.98 Million Shares. Market Cap increased by Rs.42.60 Billion.

Total companies traded were 327 compared to 314 from the previous session. Of the scrips traded 216 closed up, 84 closed down while 27 remained unchanged.

Total trades increased by 5,753 to 57,668.

Value Traded increased by 0.63 Billion to Rs.4.93 Billion

Copyright Mettis Link News