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Closing Bell: Wacky Wednesday!

December 11, 2019 (MLN): The KSE-100 index lost around 133 points in Wednesday’s session and closed at 40,531 points, after being subjected to a slightly volatile session.

Despite making a good start, the index quickly lost impetus as investors indulged in profit-taking activity, thus making the benchmark index lose the gains it made in yesterday’s session.

The Index traded in a range of 459.79 points or 1.13 percent of previous close, showing an intraday high of 40,910.77 and a low of 40,450.98.

Of the 98 traded companies in the KSE100 Index 40 closed up 55 closed down, while 3 remained unchanged. Total volume traded for the index was 205.86 million shares.

Sector wise, the index was let down by Commercial Banks with 50 points, Power Generation & Distribution with 44 points, Cement with 28 points, Inv. Banks / Inv. Cos. / Securities Cos. with 23 points and Automobile Assembler with 20 points.

The most points taken off the index was by PPL which stripped the index of 32 points followed by HUBC with 28 points, DAWH with 18 points, MCB with 18 points and LUCK with 13 points.

Sectors propping up the index were Chemical with 14 points, Textile Composite with 11 points, Automobile Parts & Accessories with 10 points, Miscellaneous with 7 points and Oil & Gas Exploration Companies with 7 points.

The most points added to the index was by MARI which contributed 37 points followed by FFC with 14 points, COLG with 13 points, SYS with 9 points and SHFA with 7 points.

All Share Volume increased by 50.41 Million to 305.03 Million Shares. Market Cap decreased by Rs.19.04 Billion.

Total companies traded were 387 compared to 375 from the previous session. Of the scrips traded 144 closed up, 223 closed down while 20 remained unchanged.

Total trades increased by 5,437 to 96,771.

Value Traded increased by 1.63 Billion to Rs.10.85 Billion

Company Volume

Top Ten by Volume

Unity Foods 44,521,000
Power Cement 16,303,500
Pak Elektron 15,623,000
The Bank of Punjab 14,017,500
K-Electric 12,691,500
Fauji Foods 11,832,000
Maple Leaf Cement Factory 10,680,000
Sui Southern Gas Company 7,887,000
TRG Pakistan 6,708,000
Lotte Chemical Pakistan 6,383,500


Sector Volume

Top Sector by Volume

Cement 44,610,300
Vanaspati & Allied Industries 44,547,200
Commercial Banks 31,896,000
Power Generation & Distribution 19,609,500
Chemical 19,530,950
Technology & Communication 18,848,000
Oil & Gas Marketing Companies 18,558,200
Cable & Electrical Goods 16,095,050
Food & Personal Care Products 15,731,230
Engineering 11,780,900



Copyright Mettis Link News


Posted on: 2019-12-11T17:14:00+05:00


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