Closing Bell: Stocks erase earlier losses to close slightly higher
October 09, 2019 (MLN): The domestic equity market on Wednesday witnessed a roller coaster ride throughout the trading session and ended the day marginally positive. After opening in the negative terrain, the benchmark index oscillated between red and green zones. At the end of trading, the benchmark KSE-100 Index recorded a positive close of 47points to settle at 33,524 level. The Index traded in a range of 264.12 points or 0.79 percent of previous close, showing an intraday high of 33,604.55 and a low of 33,340.43. Of the 92 traded companies in the KSE100 Index 43 closed up 45 closed down, while 4 remained unchanged. Total volume traded for the index was 160.19 million shares. Sectors propping up the index were Pharmaceuticals with 28 points, Oil & Gas Exploration Companies with 23 points, Commercial Banks with 17 points, Power Generation & Distribution with 16 points and Chemical with 10 points. The most points added to the index was by HUBC which contributed 27 points followed by MARI with 24 points, HBL with 18 points, UBL with 14 points and POL with 13 points. Sector wise, the index was let down by Cement with 48 points, Engineering with 12 points, Automobile Assembler with 8 points, Fertilizer with 2 points and Paper & Board with 2 points. The most points taken off the index was by LUCK which stripped the index of 23 points followed by MCB with 17 points, DGKC with 14 points, OGDC with 12 points and NBP with 12 points. All Share Volume decreased by 5.35 Million to 237.68 Million Shares. Market Cap increased by Rs.9.61 Billion. Total companies traded were 379 compared to 388 from the previous session. Of the scrips traded 202 closed up, 152 closed down while 25 remained unchanged. Total trades decreased by 12,796 to 76,670. Value Traded decreased by 2.51 Billion to Rs.6.40 Billion Company Volume Top Ten by Volume Lotte Chemical Pakistan 27,067,500 Unity Foods 26,068,000 The Bank of Punjab 14,031,000 K-Electric 8,924,500 Engro Polymer & Chemicals 8,552,000 International Steels 7,365,000 Pakistan International Bulk Terminal 7,341,000 Dewan Cement 7,198,500 Nimir Resins 6,934,500 Fauji Foods 6,421,500 Sector Volume Top Sector by Volume Chemical 48,736,590 Cement 26,832,000 Vanaspati & Allied Industries 26,077,600 Engineering 22,573,200 Commercial Banks 22,436,300 Transport 12,694,600 Technology & Communication 11,235,500 Power Generation & Distribution 11,044,000 Oil & Gas Marketing Companies 10,503,500 Food & Personal Care Products 9,677,500 Copyright Mettis Link News