Closing Bell: A Hard Rain’s A-Gonna Fall

July 06, 2020 (MLN): The capital markets kicked off the week on an upbeat note as the benchmark KSE-100 extended mild gains of 151 points or 0.43% to close at 35,202 -level in line with regional market and sustained decline in active coronavirus cases.

According to the closing note by Ismail Iqbal Securities, E&Ps contributed most to the index as international crude oil prices remained stable closing at USD 44.02/bbl.

The Index traded in a range of 236.84 points or 0.68 percent of the previous close, showing an intraday high of 35,238.40 and a low of 35,001.56.

Of the 95 traded companies in the KSE100 Index, 70 closed up 20 closed down, while 5 remained unchanged. The total volume traded for the index was 229.10 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 40 points, Cement with 34 points, Pharmaceuticals with 26 points, Oil & Gas Marketing Companies with 26 points and Automobile Assembler with 18 points.

The most points added to the index were by PPL which contributed 16 points followed by PSO with 16 points, INDU with 14 points, GLAXO with 10 points and TRG with 10 points.

Sector-wise, the index was let down by Inv. Banks / Inv. Cos. / Securities Cos. with 34 points, Power Generation & Distribution with 30 points, Fertilizer with 20 points, Miscellaneous with 3 points and Food & Personal Care Products with 3 points.

The most points taken off the index was by HUBC which stripped the index of 40 points followed by DAWH with 34 points, FFC with 18 points, BAFL with 7 points and PTC with 6 points.

All Share Volume increased by 156.49 Million to 332.25 Million Shares. Market Cap increased by Rs.42.56 Billion.

Total companies traded were 380 compared to 346 from the previous session. Of the scrips traded 257 closed up, 94 closed down while 29 remained unchanged.

Total trades increased by 48,221 to 116,168.

Value Traded increased by 4.43 Billion to Rs.11.17 Billion


Top Ten by Volume

TRG Pakistan37,708,500
Pak Elektron37,658,000
Lotte Chemical Pakistan30,842,000
Maple Leaf Cement Factory13,736,000
Jahangir Siddiqui & Co. Ltd.11,833,000
Hum Network10,986,500
HBL Growth Fund8,298,500
Pakistan Telecommunication Company Ltd6,581,000
Hascol Petroleum6,304,500



Top Sector by Volume

Technology & Communication66,885,200
Cable & Electrical Goods39,250,150
Commercial Banks18,423,328
Power Generation & Distribution15,547,073
Inv. Banks / Inv. Cos. / Securities Cos.14,047,500
Food & Personal Care Products9,906,790



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Posted on: 2020-07-06T17:24:00+05:00