Closing Bell: Back in the high life again

June 2, 2020 (MLN): Following the upbeat momentum of yesterday’s trade, the KSE-100 Index climbed up by 386 points or an increase of 1.13 percent to close at 34,408-level on Tuesday, in line with global market’s optimism for economic recovery.

The reduction in profit rates of the National Saving Scheme along with inflation readings, NCPI, which came largely in line with market expectations injected vitality into the capital markets.

According to the closing note by Aba Ali Habib Securities, the investors remained active in anticipation of business-friendly budget due on 12 June 2020. Moreover, the smart lockdown policy by the government while opening up all business contributed to the improvement in investors’ sentiments.

The Index remained positive throughout the session touching an intraday high of 34,525.40

Of the 94 traded companies in the KSE100 Index, 59 closed up 29 closed down, while 6 remained unchanged. Total volume traded for the index was 159.97 million shares.

Sectors propping up the index were Commercial Banks with 328 points, Oil & Gas Exploration Companies with 37 points, Automobile Parts & Accessories with 13 points, Technology & Communication with 13 points and Automobile Assembler with 11 points.

The most points added to the index were by MCB which contributed 88 points followed by UBL with 81 points, HBL with 62 points, BAFL with 34 points and POL with 29 points.

Sector-wise, the index was let down by Fertilizer with 22 points, Pharmaceuticals with 18 points, Inv. Banks / Inv. Cos. / Securities Cos. with 13 points, Oil & Gas Marketing Companies with 3 points and Power Generation & Distribution with 3 points.

The most points taken off the index was by FFC which stripped the index of 17 points followed by DAWH with 14 points, SEARL with 11 points, HMB with 11 points and OGDC with 7 points.

All Share Volume increased by 23.60 Million to 221.69 Million Shares. Market Cap increased by Rs.53.61 Billion.

Total companies traded were 358 compared to 354 from the previous session. Of the scrips traded 172 closed up, 161 closed down while 25 remained unchanged.

Total trades increased by 5,780 to 91,427.

Value Traded increased by 1.36 Billion to Rs.8.62 Billion

CompanyVolume

Top Ten by Volume

Pak Elektron14,217,000
TRG Pakistan12,572,500
Hascol Petroleum12,348,500
The Bank of Punjab11,797,500
Unity Foods10,902,000
National Bank of Pakistan10,234,500
Maple Leaf Cement Factory8,140,000
Fauji Foods7,040,000
Siddiqsons Tin Plate5,876,000
Bank Alfalah5,811,653

 

SectorVolume

Top Sector by Volume

Commercial Banks50,046,430
Technology & Communication24,331,400
Cement17,309,154
Cable & Electrical Goods14,946,250
Oil & Gas Marketing Companies14,853,886
Food & Personal Care Products12,879,150
Vanaspati & Allied Industries10,903,300
Power Generation & Distribution9,304,996
Textile Composite8,371,000
Oil & Gas Exploration Companies8,098,390

 

 

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Posted on: 2020-06-02T17:00:00+05:00

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