Sep 03, 2019 (MNL): KSE-100 Index crumbled today after yesterday’s upward movement. It shed 247 points and closed at 29,809.68 points level. The depressing performance of KSE100 index was mainly due to the investors’ concern on high interest rate, rising budget deficit and lower tax to GDP ratio.
Moreover, FATF meeting which is scheduled to take place on September 8, 2019 further fuelled the negative sentiments in the market.
The Index traded in a range of 507.14 points or 1.69 percent of previous close, showing an intraday high of 30,246.72 and a low of 29,739.58.
Of the 88 traded companies in the KSE100 Index 26 closed up 60 closed down, while 2 remained unchanged. Total volume traded for the index was 48.68 million shares.
Sector wise, the index was let down by Commercial Banks with 70 points, Cement with 49 points, Power Generation & Distribution with 41 points, Oil & Gas Exploration Companies with 21 points and Pharmaceuticals with 19 points.
The most points taken off the index was by HUBC which stripped the index of 35 points followed by LUCK with 31 points, MCB with 26 points, PPL with 20 points and MEBL with 14 points.
Sectors propping up the index were Textile Composite with 9 points, Insurance with 7 points, Food & Personal Care Products with 4 points, Inv. Banks / Inv. Cos. / Securities Cos. with 4 points and Leasing Companies with 1 points.
The most points added to the index was by SNGP which contributed 8 points followed by NML with 7 points, MUREB with 6 points, AICL with 6 points and DAWH with 5 points.
All Share Volume decreased by 13.41 Million to 64.04 Million Shares. Market Cap decreased by Rs.46.19 Billion.
Total companies traded were 338 compared to 331 from the previous session. Of the scrips traded 89 closed up, 230 closed down while 19 remained unchanged.
Total trades decreased by 2,275 to 32,111.
Value Traded decreased by 0.15 Billion to Rs.2.44 Billion
| Company | Volume |
|---|---|
| Maple Leaf Cement Factory | 6,189,500 |
| Worldcall Telecom | 4,554,500 |
| Unity Foods | 4,189,000 |
| TRG Pakistan | 3,797,000 |
| Oil & Gas Development Company | 2,809,200 |
| D.G. Khan Cement Company | 2,308,000 |
| K-Electric | 2,204,000 |
| Fauji Foods | 2,039,500 |
| Sui Northern Gas Pipelines | 1,996,500 |
| Pak Elektron | 1,866,000 |
| Sector | Volume |
|---|---|
| Cement | 11,168,100 |
| Technology & Communication | 9,158,000 |
| Oil & Gas Exploration Companies | 4,692,140 |
| Vanaspati & Allied Industries | 4,189,000 |
| Engineering | 3,905,300 |
| Commercial Banks | 3,846,900 |
| Oil & Gas Marketing Companies | 3,710,400 |
| Power Generation & Distribution | 3,309,500 |
| Textile Composite | 2,884,700 |
| Chemical | 2,826,910 |
Copyright Mettis Link News
29769
