September 4, 2020 (MLN): After showing upside momentum throughout this week, the benchmark KSE-100 index tumbled on Friday and witnessed a profit booking from the highs.
According to closing note by Ismail Iqbal Securities, due to mix of triggers, the profit taking witnessed today. In addition to this, all major markets globally were closed in negative yesterday; this imposed trickledown effect on PSX as well.
Accordingly, the KSE-100 index concluded today’s trade at 42,023 points, down by 165 points or 0.39% compared to yesterday’s session.
The Index traded in a range of 368.01 points or 0.87 percent of previous close, showing an intraday high of 42,290.42 and a low of 41,922.41.
Of the 96 traded companies in the KSE100 Index 26 closed up 69 closed down, while 1 remained unchanged. Total volume traded for the index was 417.31 million shares.
Sector wise, the index was let down by Commercial Banks with 60 points, Power Generation & Distribution with 59 points, Cement with 32 points, Fertilizer with 20 points and Textile Composite with 15 points.
The most points taken off the index was by HUBC which stripped the index of 53 points followed by UBL with 26 points, LUCK with 22 points, TRG with 14 points and ENGRO with 13 points.
Sectors propping up the index were Engineering with 21 points, Technology & Communication with 14 points, Oil & Gas Marketing Companies with 9 points, Insurance with 8 points and Glass & Ceramics with 5 points.
The most points added to the index was by SYS which contributed 31 points followed by HASCOL with 20 points, ISL with 12 points, JLICL with 11 points and PSX with 10 points.
All Share Volume decreased by 161.39 Million to 758.08 Million Shares. Market Cap decreased by Rs.10.18 Billion.
Total companies traded were 419 compared to 439 from the previous session. Of the scrips traded 180 closed up, 224 closed down while 15 remained unchanged.
Total trades decreased by 12,852 to 201,649.
Value Traded decreased by 1.79 Billion to Rs.24.76 Billion
| Company | Volume |
|---|---|
| Hascol Petroleum | 73,163,000 |
| Fauji Foods | 51,655,500 |
| Unity Foods | 41,349,500 |
| The Bank of Punjab | 26,398,000 |
| Maple Leaf Cement Factory | 25,649,000 |
| JS Bank | 23,760,000 |
| K-Electric | 23,596,500 |
| TRG Pakistan | 23,256,500 |
| Power Cement | 21,795,500 |
| Pak Elektron | 21,163,000 |
| Sector | Volume |
|---|---|
| Oil & Gas Marketing Companies | 92,830,408 |
| Cement | 86,851,436 |
| Commercial Banks | 82,352,150 |
| Food & Personal Care Products | 76,013,240 |
| Technology & Communication | 62,829,400 |
| Engineering | 57,423,300 |
| Vanaspati & Allied Industries | 41,350,600 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 40,467,500 |
| Power Generation & Distribution | 33,676,400 |
| Refinery | 26,374,200 |
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