Closing Bell: Yet another good day at PSX

Aug 21, 2019 (MLN): Taking an inspiration from the yesterday’s close, the stock market on Wednesday continued its upward journey and gained 553 points to close at 30,972 level.

As pointed out earlier, the much-warranted meeting that took place yesterday between members of Securities and Exchange Commission of Pakistan (SECP) and Pakistan Stock Exchange (PSX) fueled the local investors’ sentiments.

The Index remained positive throughout the session touching an intraday high of 31,103.07

Of the 91 traded companies in the KSE100 Index 70 closed up 16 closed down, while 5 remained unchanged. Total volume traded for the index was 106.22 million shares.

Sectors propping up the index were Commercial Banks with 121 points, Fertilizer with 92 points, Power Generation & Distribution with 85 points, Cement with 77 points and Oil & Gas Exploration Companies with 69 points.

The most points added to the index was by HUBC which contributed 69 points followed by ENGRO with 64 points, UBL with 55 points, LUCK with 41 points and HBL with 36 points.

All Share Volume decreased by 8.01 Million to 134.56 Million Shares. Market Cap increased by Rs.83.24 Billion.

Total companies traded were 347 compared to 373 from the previous session. Of the scrips traded 248 closed up, 76 closed down while 23 remained unchanged.

Total trades increased by 969 to 57,864.

Value Traded decreased by 0.23 Billion to Rs.5.37 Billion

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