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Closing Bell: A second wind

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May 5, 2020 (MLN): In line with the global markets, domestic equities on Tuesday took a turnaround from Monday when the surge in the cases of Covid-19 in the country triggered selling and closed the today’s session on a greener note by gaining 76 points to reach 33,992 points level.

The index remained positive throughout the session today led by E&Ps  due to sharp recovery in international oil prices.

Moreover, Government has deferred book building of Pakistan Energy Sukuk-II for 15 days likely due to expectation of interest rate cut in May-20 MPS. This delay in Sukuk may have limited impact on energy stocks while it can hurt investor sentiment for Islamic Banks (MEBL and BIPL) due to diminishing spreads, a report by Ismail Iqbal Securities stated.

The Index traded in a range of 524.30 points or 1.55 percent of previous close, showing an intraday high of 34,382.25 and a low of 33,857.95.

Of the 95 traded companies in the KSE100 Index 47 closed up 43 closed down, while 5 remained unchanged. Total volume traded for the index was 197.37 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 83 points, Oil & Gas Marketing Companies with 48 points, Food & Personal Care Products with 13 points, Pharmaceuticals with 11 points and Tobacco with 8 points.

The most points added to the index was by PPL which contributed 34 points followed by ENGRO with 34 points, OGDC with 27 points, PSO with 23 points and POL with 18 points.

Sector wise, the index was let down by Cement with 39 points, Commercial Banks with 23 points, Chemical with 14 points, Fertilizer with 8 points and Textile Composite with 6 points.

The most points taken off the index was by HBL which stripped the index of 33 points followed by FFC with 29 points, COLG with 19 points, EFERT with 10 points and KTML with 10 points.

All Share Volume increased by 44.71 Million to 261.33 Million Shares. Market Cap increased by Rs.25.88 Billion.

Total companies traded were 341 compared to 353 from the previous session. Of the scrips traded 181 closed up, 131 closed down while 29 remained unchanged.

Total trades increased by 4,750 to 97,456.

Value Traded decreased by 0.14 Billion to Rs.9.23 Billion

Company Volume

Top Ten by Volume

Hascol Petroleum 33,832,000
Unity Foods 25,445,000
Fauji Cement Company 17,863,000
Maple Leaf Cement Factory 17,087,000
Pak Elektron 13,088,000
Pioneer Cement 11,723,500
Hum Network 9,691,500
K-Electric 8,046,500
Worldcall Telecom 7,177,500
Oil & Gas Development Company 6,391,642

 

Sector Volume

Top Sector by Volume

Cement 58,496,649
Oil & Gas Marketing Companies 38,793,473
Technology & Communication 26,969,500
Vanaspati & Allied Industries 25,445,200
Cable & Electrical Goods 13,948,600
Oil & Gas Exploration Companies 13,154,180
Commercial Banks 11,905,891
Power Generation & Distribution 11,766,521
Food & Personal Care Products 8,830,130
Fertilizer 6,696,383

 

 

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Posted on: 2020-05-05T16:47:00+05:00

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