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Closing Bell: (Un)smart lockdown

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June 19, 2020 (MNL): The KSE-100 index ended the trading session on Friday with a 100.90 point or 0.30 percent decline to close at 33,438.95.

According to a research report by Arif Habib Limited, the re-imposition of lock down dimmed the hopes of quick economic recovery and stabilization. Moreover, expectation of a rate cut along with the possibility of an emergent meeting at SBP taking place next week racked up participation but had little impact on the banking sector.

Index was down 1,172 points this week, with USD 1.6 Billion being wiped out from the market capitaliztion due to the combined effect of the index decline and rupee depreciation. Banks led with -292 points followed by Fertilizer -206 and cement -183.

The Index traded in a range of 332.65 points or 0.99 percent of previous close, showing an intraday high of 33,701.42 and a low of 33,368.77.

Of the 89 traded companies in the KSE100 Index 27 closed up 59 closed down, while 3 remained unchanged. Total volume traded for the index was 59.90 million shares.

Sector wise, the index was let down by Inv. Banks / Inv. Cos. / Securities Cos. with 25 points, Cement with 24 points, Fertilizer with 21 points, Oil & Gas Marketing Companies with 21 points and Pharmaceuticals with 16 points.

The most points taken off the index was by DAWH which stripped the index of 25 points followed by UBL with 17 points, LUCK with 16 points, EFERT with 15 points and MEBL with 13 points.

Sectors propping up the index were Oil & Gas Exploration Companies with 39 points, Commercial Banks with 15 points, Technology & Communication with 8 points, Food & Personal Care Products with 1 points and Leather & Tanneries with 1 points.

The most points added to the index was by MCB which contributed 39 points followed by BAFL with 13 points, PPL with 12 points, POL with 11 points and OGDC with 10 points.

All Share Volume decreased by 110.33 Million to 105.90 Million Shares. Market Cap decreased by Rs.18.24 Billion.

Total companies traded were 319 compared to 364 from the previous session. Of the scrips traded 83 closed up, 215 closed down while 21 remained unchanged.

Total trades decreased by 37,554 to 48,043.

Value Traded decreased by 3.14 Billion to Rs.3.33 Billion

Company Volume

Top Ten by Volume

K-Electric 9,130,500
Unity Foods 7,256,500
Bank Alfalah 5,760,737
Balochistan Glass 3,754,500
Jahangir Siddiqui & Co. Ltd. 2,696,000
Hascol Petroleum 2,361,500
MACPAC Films 2,345,000
Media Times 2,274,500
Hum Network 2,195,500
Maple Leaf Cement Factory 2,124,500


Sector Volume

Top Sector by Volume

Commercial Banks 12,718,687
Technology & Communication 10,417,000
Power Generation & Distribution 10,220,055
Chemical 7,383,501
Vanaspati & Allied Industries 7,314,500
Cement 7,283,130
Miscellaneous 5,684,800
Oil & Gas Marketing Companies 4,946,168
Inv. Banks / Inv. Cos. / Securities Cos. 4,677,700
Glass & Ceramics 4,481,500



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Posted on: 2020-06-19T15:40:00+05:00