December 03, 2020 (MLN): The capital market opened on a positive note on improved trade data and concessionary tariffs. However, profit-taking kicked in which eroded early session gains.
The benchmark KSE-100 index ended the choppy session flat by gaining mere 20.34 points today and closed at 42,047- level. This was 0.05% higher compared to the previous closing.
According to the closing note by Next Capital, the E&P sector remained under pressure throughout the trading session as news came in that OPEC+ discussions are now focused on proposals for a gradual easing of output cuts over several months.
The Index traded in a range of 401.26 points or 0.95 percent of the previous close, showing an intraday high of 42,410.20 and a low of 42,008.94.
Of the 97 traded companies in the KSE100 Index 42 closed up 54 closed down, while 1 remained unchanged. The total volume traded for the index was 240.18 million shares.
Sectors propping up the index were Fertilizer with 17 points, Cement with 13 points, Technology & Communication with 12 points, Oil & Gas Exploration Companies with 9 points and Commercial Banks with 7 points.
The most points added to the index was by SYS which contributed 27 points followed by LUCK with 17 points, MCB with 15 points, FFC with 15 points and PSO with 12 points.
Sector wise, the index was let down by Pharmaceuticals with 12 points, Chemical with 8 points, Textile Composite with 7 points, Power Generation & Distribution with 6 points and Food & Personal Care Products with 6 points.
The most points taken off the index was by TRG which stripped the index of 12 points followed by MTL with 12 points, SEARL with 11 points, HBL with 8 points and COLG with 7 points.
All Share Volume decreased by 56.55 Million to 420.32 Million Shares. Market Cap decreased by Rs.2.79 Billion.
Total companies traded were 400 compared to 403 from the previous session. Of the scrips traded 171 closed up, 215 closed down while 14 remained unchanged.
Total trades decreased by 10,030 to 150,615.
Value Traded decreased by 2.37 Billion to Rs.18.03 Billion
| Company | Volume |
|---|
Top Ten by Volume
| TRG Pakistan | 35,238,000 |
| Maple Leaf Cement Factory | 30,968,367 |
| Aisha Steel Mills | 29,693,000 |
| Hascol Petroleum | 28,529,178 |
| Pakistan Refinery | 26,717,500 |
| Unity Foods | 23,743,000 |
| Pakistan International Bulk Terminal | 20,636,500 |
| Hum Network | 8,617,500 |
| Fauji Fert.Bin(R) | 7,452,000 |
| Pak Elektron | 7,057,000 |
| Sector | Volume |
|---|
Top Sector by Volume
| Technology & Communication | 62,662,700 |
| Cement | 51,405,679 |
| Engineering | 45,308,600 |
| Refinery | 39,957,100 |
| Oil & Gas Marketing Companies | 34,904,902 |
| Vanaspati & Allied Industries | 23,767,900 |
| Transport | 23,625,700 |
| Food & Personal Care Products | 18,586,480 |
| Commercial Banks | 16,953,628 |
| Fertilizer | 15,998,990 |
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