October 27, 2020 (MLN): The stock market remained bearish throughout the day today as it surrendered to the profit-taking activity owing to rollover week that dragged the KSE-100 index down by 468 points (1.21 per cent) to close at 41,381 points.
As per Aba Ali Habib Securities, the investors preferred to book profit on attractive levels despite of impressive corporate results, as crucial futures rollover effect kicks-in. Moreover, long weekend ahead also influenced investors’ trading strategy. Moreover, selling pressure in international markets further hampered sentiments.
Besides, amid corporate earnings season, investors also reacted to earnings announcement by Mughal, FFBL, GATM, UNITY, PSO, DAWH, NBP and PSMC , wherein all the companies except for PSMC reported increase in profits.
The Index traded in a range of 600.52 points or 1.43 percent of previous close, showing an intraday high of 41,927.68 and a low of 41,327.16.
Of the 94 traded companies in the KSE100 Index 16 closed up 78 closed down, while 0 remained unchanged. Total volume traded for the index was 305.46 million shares.
Sector wise, the index was let down by Commercial Banks with 139 points, Cement with 90 points, Oil & Gas Exploration Companies with 63 points, Oil & Gas Marketing Companies with 29 points and Fertilizer with 26 points.
The most points taken off the index was by HBL which stripped the index of 60 points followed by BAHL with 46 points, PSO with 33 points, TRG with 28 points and OGDC with 22 points.
Sectors propping up the index were Power Generation & Distribution with 19 points, Vanaspati & Allied Industries with 12 points and Transport with 3 points.
The most points added to the index was by HUBC which contributed 28 points followed by MCB with 15 points, UNITY with 12 points, SEARL with 11 points and FFBL with 7 points.
All Share Volume decreased by 6.11 Million to 481.05 Million Shares. Market Cap decreased by Rs.85.59 Billion.
Total companies traded were 407 compared to 430 from the previous session. Of the scrips traded 101 closed up, 295 closed down while 11 remained unchanged.
Total trades decreased by 156 to 160,629.
Value Traded decreased by 3.08 Billion to Rs.18.44 Billion
| Company | Volume |
|---|
Top Ten by Volume
| Unity Foods | 77,190,500 |
| Power Cement | 33,042,000 |
| Fauji Fertilizer Bin Qasim | 31,335,500 |
| Pakistan International Bulk Terminal | 26,894,000 |
| Maple Leaf Cement Factory | 25,892,638 |
| Fauji Cement Company | 22,532,000 |
| Fauji Foods | 15,825,000 |
| Pakistan Refinery | 14,677,000 |
| Pak Elektron | 13,265,000 |
| Hascol Petroleum | 12,844,069 |
| Sector | Volume |
|---|
Top Sector by Volume
| Cement | 94,576,530 |
| Vanaspati & Allied Industries | 77,199,400 |
| Technology & Communication | 43,989,100 |
| Fertilizer | 38,146,754 |
| Commercial Banks | 27,694,694 |
| Transport | 27,075,400 |
| Oil & Gas Marketing Companies | 25,504,299 |
| Food & Personal Care Products | 25,120,500 |
| Refinery | 18,628,400 |
| Power Generation & Distribution | 16,676,101 |
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