Closing Bell: Boomerang!

News Image

By MG News | August 05, 2020 at 05:21 PM GMT+05:00

0:00

August 5, 2020 (MNL): The KSE-100 index made a strong comeback after delivering a dud yesterday, as it gained around 305 points to close the session at 39,882-mark. It is to be noted that the index is just a few points away from crossing the 40,000-level.

The trading activity was boosted by favorable economic data released in the past few days, especially that of international trade. According to the Pakistan Bureau of Statistics (PBS), the country’s exports during the month of July increased by 25.08 percent to USD 2 billion, as compared to USD 1.599 billion in June 2020. On the contrary, imports in July 2020 decreased by 2.12 percent, clocking in at USD 3.64 billion compared to USD 3.719 billion in June 2020.

Besides this, the market was lifted by the announcements made by several companies throughout the session, some of which include the Medium Term Note (MTN) Program of up to PKR 50 billion by Bank Alfalah Limited, and the approved expansion/diversification plans of subsidiaries by Ghani Global Holdings.

According to the coverage by Aba Ali Habib Securities, the news of an increase in cement dispatches also supported the index to remain largely in the green zone.

The Index traded in a range of 508.98 points or 1.29 percent of previous close, showing an intraday high of 39,935.90 and a low of 39,426.92.

Of the 95 traded companies in the KSE100 Index 64 closed up 30 closed down, while 1 remained unchanged. Total volume traded for the index was 296.17 million shares.

Sectors propping up the index were Cement with 165 points, Oil & Gas Exploration Companies with 55 points, Technology & Communication with 37 points, Textile Composite with 22 points and Oil & Gas Marketing Companies with 17 points.

The most points added to the index was by LUCK which contributed 49 points followed by TRG with 37 points, DGKC with 28 points, MLCF with 25 points and CHCC with 22 points.

Sector wise, the index was let down by Fertilizer with 23 points, Commercial Banks with 21 points, Tobacco with 14 points, Sugar & Allied Industries with 2 points and Inv. Banks / Inv. Cos. / Securities Cos. with 2 points.

The most points taken off the index was by UBL which stripped the index of 17 points followed by ENGRO with 16 points, PAKT with 14 points, BAHL with 14 points and FFC with 13 points.

All Share Volume decreased by 92.04 Million to 501.95 Million Shares. Market Cap increased by Rs.41.78 Billion.

Total companies traded were 405 compared to 422 from the previous session. Of the scrips traded 248 closed up, 139 closed down while 18 remained unchanged.

Total trades decreased by 36,742 to 164,171.

Value Traded decreased by 4.26 Billion to Rs.22.29 Billion

Company Volume

Top Ten by Volume

Maple Leaf Cement Factory 38,479,500
Power Cement 37,475,500
TRG Pakistan 34,578,000
Fauji Foods 32,917,000
Hascol Petroleum 26,968,500
D.G. Khan Cement Company 21,413,500
Pak Elektron 20,275,500
The Bank of Punjab 19,848,000
Aisha Steel Mills 16,827,000
Fauji Cement Company 15,916,000

 

Sector Volume

Top Sector by Volume

Cement 136,070,575
Technology & Communication 62,914,100
Food & Personal Care Products 47,495,570
Commercial Banks 37,811,142
Oil & Gas Marketing Companies 32,600,237
Engineering 28,848,500
Cable & Electrical Goods 21,137,800
Refinery 19,460,300
Power Generation & Distribution 17,499,724
Inv. Banks / Inv. Cos. / Securities Cos. 16,912,400

 

 

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 129,492.35
71.77M
1.01%
1292.93
ALLSHR 80,570.07
224.22M
0.98%
782.45
KSE30 39,556.31
26.84M
1.15%
451.32
KMI30 188,460.51
25.55M
0.83%
1544.90
KMIALLSHR 54,583.58
99.85M
0.70%
381.70
BKTi 34,251.33
13.34M
2.31%
774.65
OGTi 28,086.28
2.21M
0.44%
123.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,650.00 106,660.00
105,440.00
900.00
0.85%
BRENT CRUDE 67.20 67.29
67.05
0.09
0.13%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.50 65.65
65.34
0.05
0.08%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 02, 2025 at 10:08 AM GMT+05:00

PSX Opening Bell: Upbeat and Unstoppable


July 02, 2025 at 09:53 AM GMT+05:00

Govt policy shift lowers cost of imported vehicles


July 02, 2025 at 09:22 AM GMT+05:00

Asia markets waver while Singapore stocks soar


July 02, 2025 at 06:01 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg