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Mettis Global News
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Closing Bell: Behold, here’s virus

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February 26, 2020 (MLN): The domestic equity market fell over 1.3% today, compared to yesterday’s drop, after losing another 520 points and closed at 38,338 points.

The market remained negative for a fifth day in a row, as global equities remained under pressure due to rising fears over spread of Coronavirus.

Moreover, as per Ismail Iqbal Securities, government is considering ways to reduce energy tariffs (LNG/IPPs) which put energy stocks under pressure.

The Index traded in a range of 905.73 points or 2.33 percent of previous close, showing an intraday high of 38,980.10 and a low of 38,074.37.

Of the 92 traded companies in the KSE100 Index 14 closed up 75 closed down, while 3 remained unchanged. Total volume traded for the index was 118.39 million shares.

Sector wise, the index was let down by Fertilizer with 78 points, Commercial Banks with 77 points, Power Generation & Distribution with 68 points, Oil & Gas Marketing Companies with 50 points and Inv. Banks / Inv. Cos. / Securities Cos. with 50 points.

The most points taken off the index was by HUBC which stripped the index of 63 points followed by ENGRO with 56 points, DAWH with 48 points, UBL with 38 points and PAKT with 32 points.

Sectors propping up the index were Miscellaneous with 2 points, Close – End Mutual Fund with 1 points and Pharmaceuticals with 1 points.

The most points added to the index was by HMB which contributed 9 points followed by SCBPL with 4 points, MUREB with 3 points, SHFA with 2 points and SEARL with 2 points.

All Share Volume increased by 23.60 Million to 147.94 Million Shares. Market Cap decreased by Rs.91.06 Billion.

Total companies traded were 348 compared to 336 from the previous session. Of the scrips traded 80 closed up, 251 closed down while 17 remained unchanged.

Total trades increased by 2,557 to 62,430.

Value Traded increased by 1.00 Billion to Rs.6.96 Billion

Company Volume

Top Ten by Volume

Unity Foods 29,780,500
Hascol Petroleum 10,380,000
TRG Pakistan 7,489,500
The Bank of Punjab 6,128,000
Maple Leaf Cement Factory 5,834,000
Pakistan State Oil Company 4,005,900
K-Electric 3,772,500
D.G. Khan Cement Company 3,643,000
Fauji Foods 3,291,000
Pakistan International Bulk Terminal 3,044,000


Sector Volume

Top Sector by Volume

Vanaspati & Allied Industries 29,780,500
Oil & Gas Marketing Companies 17,358,000
Cement 15,958,000
Commercial Banks 14,987,400
Technology & Communication 12,933,300
Power Generation & Distribution 7,340,500
Fertilizer 6,344,700
Chemical 5,581,600
Food & Personal Care Products 5,342,320
Engineering 4,351,600



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Posted on: 2020-02-26T17:10:00+05:00