Closing Bell: Bears win on points

September 11, 2020 (MNL): The KSE-100 index ended the trading session on Friday with a 116.68 point or 0.27 percent decline to close at 42,530.67.

The benchmark index followed the route of international markets, which resumed their downward path Friday following another tech-led rout on Wall Street as investors fret over high valuations, while the failure of US lawmakers to reach agreement on a much-needed stimulus added to the gloom.

Further pressure on the benchmark index was witnessed when the financial results of PPL, which showed profits of Rs. 49.4 billion (EPS: 18.16) for the year ended June 30, 2020, failed to meet the market expectations.

The Auto sector emerged as one of the gaining sectors due to the positive results published by PAMA for the month of August, which showed that the sector experienced a 16% MoM growth in volumetric sale.

Another important highlight of the day was the announcement by MLCF to invest up to 200 million in Kohinoor Textile Mills Limited.

The Index traded in a range of 415.23 points or 0.97 percent of previous close, showing an intraday high of 42,869.67 and a low of 42,454.44.

Of the 97 traded companies in the KSE100 Index 33 closed up 62 closed down, while 2 remained unchanged. Total volume traded for the index was 309.72 million shares.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 60 points, Cement with 54 points, Food & Personal Care Products with 26 points, Refinery with 10 points and Textile Composite with 9 points.

The most points taken off the index was by PPL which stripped the index of 40 points followed by LUCK with 26 points, NESTLE with 17 points, OGDC with 14 points and EFERT with 13 points.

Sectors propping up the index were Commercial Banks with 33 points, Power Generation & Distribution with 24 points, Fertilizer with 24 points, Automobile Assembler with 11 points and Oil & Gas Marketing Companies with 11 points.

The most points added to the index was by UBL which contributed 31 points followed by ENGRO with 29 points, HUBC with 23 points, HASCOL with 12 points and HBL with 12 points.

All Share Volume decreased by 358.78 Million to 526.19 Million Shares. Market Cap decreased by Rs.35.37 Billion.

Total companies traded were 431 compared to 448 from the previous session. Of the scrips traded 170 closed up, 249 closed down while 12 remained unchanged.

Total trades decreased by 52,648 to 160,543.

Value Traded decreased by 9.56 Billion to Rs.17.59 Billion

CompanyVolume

Top Ten by Volume

Hascol Petroleum61,139,000
Byco Petroleum Pakistan54,641,000
Pakistan International Bulk Terminal25,757,500
K-Electric20,730,000
Pace (Pakistan)16,885,500
TRG Pakistan14,239,000
Crescent Star Insurance13,282,500
Fauji Foods13,213,500
The Bank of Punjab11,650,000
Pakistan Telecommunication Company Ltd11,082,000

 

SectorVolume

Top Sector by Volume

Oil & Gas Marketing Companies68,955,293
Refinery65,564,400
Technology & Communication47,706,000
Cement43,322,002
Commercial Banks38,443,966
Transport27,297,600
Power Generation & Distribution26,293,870
Food & Personal Care Products24,284,540
Inv. Banks / Inv. Cos. / Securities Cos.22,575,500
Miscellaneous21,501,800

 

 

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Posted on: 2020-09-11T18:28:00+05:00

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