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CPI Preview: Inflation to fall below 14% YoY in May

Closing Bell: A short haul triumph

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March 11, 2020 (MLN): Following the yesterday’s retrieval, at first it seemed like the unleashing aggressive bulls have come back to the market, as the domestic equities opened and remained positive for most of the today’s trading session.

However, the momentum was short-lived as just before an hour of closing, the market lost its altitude amid profit taking and turned negative after erasing 22 points from the benchmark KSE-100 index and closed the trading at 37,673 points level.

The Index traded in a range of 813.07 points or 2.16 percent of previous close, showing an intraday high of 38,332.51 and a low of 37,519.44.

Of the 96 traded companies in the KSE100 Index 29 closed up 62 closed down, while 5 remained unchanged. Total volume traded for the index was 173.82 million shares.

Sector wise, the index was let down by Fertilizer with 41 points, Oil & Gas Marketing Companies with 29 points, Oil & Gas Exploration Companies with 27 points, Cement with 20 points and Insurance with 15 points.

The most points taken off the index was by ENGRO which stripped the index of 18 points followed by FFC with 17 points, MLCF with 15 points, PPL with 14 points and LUCK with 13 points.

Sectors propping up the index were Commercial Banks with 140 points, Pharmaceuticals with 32 points, Inv. Banks / Inv. Cos. / Securities Cos. with 17 points, Sugar & Allied Industries with 4 points and Power Generation & Distribution with 2 points.

The most points added to the index was by HBL which contributed 42 points followed by UBL with 38 points, BAHL with 35 points, BAFL with 26 points and SEARL with 20 points.

All Share Volume decreased by 56.85 Million to 217.63 Million Shares. Market Cap decreased by Rs.21.64 Billion.

Total companies traded were 350 compared to 358 from the previous session. Of the scrips traded 102 closed up, 227 closed down while 21 remained unchanged.

Total trades decreased by 21,071 to 92,225.

Value Traded decreased by 4.90 Billion to Rs.11.83 Billion

Company Volume

Top Ten by Volume

Maple Leaf Cement Factory 17,635,500
Fauji Cement Company 15,977,500
Hascol Petroleum 13,426,000
Pakistan Petroleum 10,329,800
The Bank of Punjab 9,988,000
Pioneer Cement 9,603,000
D.G. Khan Cement Company 7,755,500
Unity Foods 7,568,500
Cherat Cement Company 7,517,000
TRG Pakistan 6,615,500


Sector Volume

Top Sector by Volume

Cement 65,651,800
Commercial Banks 22,476,400
Oil & Gas Marketing Companies 18,841,000
Oil & Gas Exploration Companies 17,877,020
Technology & Communication 12,542,500
Power Generation & Distribution 10,993,000
Pharmaceuticals 7,596,750
Vanaspati & Allied Industries 7,570,200
Textile Composite 7,152,000
Engineering 7,120,300



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Posted on: 2020-03-11T17:00:00+05:00