Closing Bell: All good things come to an end

July 23, 2020: The bullish momentum finally came to a bitter end on Thursday, as the KSE-100 index ended the session at 37,578-mark after losing 226 points, as several investors partook in profit-taking mainly in the cement and steel sectors.

The factors that further steered the index towards the south include the announcement by Unity Foods Limited, as per which the company sold and transferred 103,260,690 shares to Unity Wilmar Agro (Private) Limited.

The apprehension regarding the impact of COVID-19 pandemic on the financial results of companies also propelled the investors book profits.

The Index traded in a range of 563.58 points or 1.49 percent of previous close, showing an intraday high of 38,106.06 and a low of 37,542.48.

Of the 96 traded companies in the KSE100 Index 31 closed up 65 closed down, while 0 remained unchanged. Total volume traded for the index was 246.10 million shares.

Sector wise, the index was let down by Cement with 116 points, Power Generation & Distribution with 36 points, Oil & Gas Exploration Companies with 30 points, Oil & Gas Marketing Companies with 24 points and Pharmaceuticals with 22 points.

The most points taken off the index was by LUCK which stripped the index of 55 points followed by HUBC with 36 points, PPL with 25 points, ENGRO with 16 points and DGKC with 14 points.

Sectors propping up the index were Commercial Banks with 21 points, Inv. Banks / Inv. Cos. / Securities Cos. with 12 points, Insurance with 12 points, Textile Composite with 10 points and Automobile Assembler with 7 points.

The most points added to the index was by MTL which contributed 19 points followed by MCB with 18 points, DAWH with 14 points, INDU with 9 points and UBL with 8 points.

All Share Volume decreased by 26.23 Million to 379.28 Million Shares. Market Cap decreased by Rs.36.94 Billion.

Total companies traded were 403 compared to 409 from the previous session. Of the scrips traded 129 closed up, 250 closed down while 24 remained unchanged.

Total trades decreased by 14,523 to 144,040.

Value Traded decreased by 3.72 Billion to Rs.14.09 Billion

CompanyVolume

Top Ten by Volume

Unity Foods38,126,500
Azgard Nine31,223,500
Fauji Foods23,450,500
K-Electric20,881,000
Hascol Petroleum17,760,500
Pak Elektron13,219,500
Maple Leaf Cement Factory12,281,000
TRG Pakistan12,100,000
Hum Network8,042,000
Siddiqsons Tin Plate8,018,500

 

SectorVolume

Top Sector by Volume

Textile Composite41,419,750
Vanaspati & Allied Industries38,129,900
Technology & Communication34,079,300
Power Generation & Distribution31,113,496
Cement30,161,567
Food & Personal Care Products27,958,420
Oil & Gas Marketing Companies27,246,974
Commercial Banks22,298,572
Refinery17,946,600
Chemical16,052,550

 

 

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Posted on: 2020-07-23T18:26:00+05:00

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