Closing Bell: Tunnel at the end of the light!

March 24, 2020 (MNL): The KSE-100 index ended the trading session on Tuesday with a 2102.58 point or 6.86 percent decline to close at 28,564.83. This is perhaps the lowest level witnessed by the index since September 1, 2014.

Furthermore, the KSE-30 index settled at 12,526.91, which is the lowest it has been since July 16, 2012.

Keeping in line with the amendments proposed by SECP, the trading started at 11 a.m. with shock of 1,826 points loss which forced the PSX to trigger Market Halt for two hours.

The halt, however, proved to be another futile attempt as the exchange re-started its trading by going further down by 2,044 points to 28,623 level.

The Index remained negative throughout the session touching an intraday low of 28,510.45

Of the 89 traded companies in the KSE100 Index 3 closed up 86 closed down, while 0 remained unchanged. Total volume traded for the index was 80.18 million shares.

Sector wise, the index was let down by Commercial Banks with 602 points, Fertilizer with 320 points, Oil & Gas Exploration Companies with 280 points, Cement with 167 points and Power Generation & Distribution with 150 points.

The most points taken off the index was by ENGRO which stripped the index of 146 points followed by HBL with 140 points, HUBC with 108 points, MCB with 105 points and FFC with 104 points.

All Share Volume decreased by 146.21 Million to 98.79 Million Shares. Market Cap decreased by Rs.323.66 Billion.

Total companies traded were 285 compared to 344 from the previous session. Of the scrips traded 24 closed up, 253 closed down while 8 remained unchanged.

Total trades decreased by 60,776 to 22,543.

Value Traded decreased by 5.99 Billion to Rs.2.48 Billion

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