February 10, 2020 (MLN): The stock market witnessed another episode of mass destruction on Monday, as the KSE-100 index lost approximately 846 points throughout the session and dropped below 40,000-mark to close at 39,296 points.
In the first nine sessions of the current year, the index gained nearly 2,483 points, giving a return of 6.10 percent. The resulted in the total gain for Fiscal Year 2020 being recorded at a high of 27.48 percent, making Pakistan Stock Exchange one of the Best performers.
However, since then the index has lost 3,921 points or 9.07 percent, making the return for CY20 negative by 3.53 percent and diminishing the FY20 gains by 11.57 percent to 15.91 percent. Moreover, the market cap for CY20 is down by $2.316 billion and down by $4.133 billion or 7.91% since year high made on January 13, 2020.
Besides the epidemic, the index was led down by fears surrounding future tax measures. Moreover, the impact of high inflation is still overriding the sentiments of market participants.
The Index traded in a range of 954.51 points or 2.38 percent of previous close, showing an intraday high of 40,150.34 and a low of 39,195.83.
Of the 93 traded companies in the KSE100 Index 10 closed up 83 closed down, while 0 remained unchanged. Total volume traded for the index was 129.84 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 140 points, Commercial Banks with 125 points, Oil & Gas Marketing Companies with 86 points, Fertilizer with 83 points and Cement with 76 points.
The most points taken off the index was by ENGRO which stripped the index of 54 points followed by NESTLE with 47 points, OGDC with 45 points, PSO with 41 points and PPL with 39 points.
Sectors propping up the index were Tobacco with 33 points and Textile Spinning with 1 points.
The most points added to the index was by PAKT which contributed 33 points followed by MCB with 11 points, HMB with 4 points, THALL with 2 points and AICL with 1 point.
All Share Volume decreased by 12.77 Million to 180.77 Million Shares. Market Cap decreased by Rs.142.40 Billion.
Total companies traded were 357 compared to 355 from the previous session. Of the scrips traded 41 closed up, 300 closed down while 16 remained unchanged.
Total trades increased by 4,425 to 63,155.
Value Traded decreased by 0.15 Billion to Rs.6.66 Billion
| Company | Volume |
|---|---|
| Hascol Petroleum | 15,355,500 |
| Unity Foods | 11,651,500 |
| Maple Leaf Cement Factory | 9,621,000 |
| TRG Pakistan | 9,168,000 |
| Worldcall Telecom | 8,953,500 |
| The Bank of Punjab | 8,397,000 |
| K-Electric | 6,991,500 |
| Lotte Chemical Pakistan | 6,497,500 |
| Fauji Cement Company | 5,412,500 |
| D.G. Khan Cement Company | 4,764,500 |
| Sector | Volume |
|---|---|
| Cement | 27,433,000 |
| Technology & Communication | 23,193,400 |
| Oil & Gas Marketing Companies | 20,186,500 |
| Commercial Banks | 19,060,900 |
| Power Generation & Distribution | 11,981,500 |
| Chemical | 11,923,430 |
| Vanaspati & Allied Industries | 11,652,000 |
| Fertilizer | 7,152,100 |
| Engineering | 7,031,700 |
| Food & Personal Care Products | 5,528,180 |
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