April 03, 2020 (MLN): After several weeks of bleeding at Pakistan Stock Exchange, the KSE-100 index finally gained 3,512 points this week or up by 12.49% compared to the previous week. In percentage terms, this is the highest weekly return since 2000.
Speaking of today’s performance, after witnessing sharp gains of 1,277 points yesterday, it seems that the market has bottomed out as investors witnessed another relief rally today in which the Benchmark KSE-100 gained further 839 points or up by 2.73% from previous session and closed at day at 31,621 points level.
The investors’ sentiments remained positive throughout the session backed by international oil prices and expectations of a massive construction package, a closing note by Next Capital said.
The Index remained positive throughout the session touching an intraday high of 31,816.59
Of the 93 traded companies in the KSE100 Index 68 closed up 22 closed down, while 3 remained unchanged. Total volume traded for the index was 186.50 million shares.
Sectors propping up the index were Oil & Gas Exploration Companies with 266 points, Commercial Banks with 145 points, Cement with 133 points, Power Generation & Distribution with 123 points and Oil & Gas Marketing Companies with 91 points.
The most points added to the index was by HUBC which contributed 114 points followed by OGDC with 88 points, PPL with 83 points, UBL with 63 points and POL with 58 points.
Sector wise, the index was let down by Fertilizer with 8 points, Inv. Banks / Inv. Cos. / Securities Cos. with 6 points, Technology & Communication with 6 points, Pharmaceuticals with 4 points and Automobile Parts & Accessories with 3 points.
The most points taken off the index was by MCB which stripped the index of 39 points followed by HMB with 17 points, DAWH with 11 points, SYS with 10 points and ENGRO with 9 points.
All Share Volume decreased by 59.71 Million to 251.87 Million Shares. Market Cap increased by Rs.141.26 Billion.
Total companies traded were 340 compared to 366 from the previous session. Of the scrips traded 233 closed up, 91 closed down while 16 remained unchanged.
Total trades decreased by 27,348 to 86,763.
Value Traded decreased by 1.13 Billion to Rs.9.26 Billion
| Company | Volume |
|---|---|
| Maple Leaf Cement Factory | 26,275,500 |
| Hascol Petroleum | 15,857,500 |
| The Bank of Punjab | 13,853,500 |
| Unity Foods | 13,042,000 |
| K-Electric | 12,385,500 |
| Pakistan Petroleum | 11,355,792 |
| Power Cement | 9,970,500 |
| Pakistan International Bulk Terminal | 9,941,500 |
| Fauji Cement Company | 9,699,000 |
| Worldcall Telecom | 7,410,500 |
| Sector | Volume |
|---|---|
| Cement | 61,722,350 |
| Commercial Banks | 26,914,128 |
| Oil & Gas Marketing Companies | 24,096,240 |
| Technology & Communication | 18,484,200 |
| Power Generation & Distribution | 18,465,634 |
| Oil & Gas Exploration Companies | 18,096,101 |
| Vanaspati & Allied Industries | 13,042,200 |
| Transport | 11,352,700 |
| Fertilizer | 8,844,490 |
| Engineering | 8,623,500 |
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