October 7, 2020 (MLN): Taking inertia from yesterday’s session, the benchmark KSE-100 Index concluded the session today on an impressive note as it gained 722 points or up by 1.85% compared to yesterday and closed at 39,849.96 points.
The bullish spell was backed by the attractive valuations, investors preferred to take a new position on lucrative levels, a closing report by Aba Ali Habib Securities stated.
Since the start of the 4QCY20, the market has dropped 3.56% till yesterday, which has provided investors an opportunity to buy at the dip, the report added.
Moreover, the market has also gained impetus from an upcoming FATF meeting which is scheduled to be held from 21st to 23rd October 2020.
The Index remained positive throughout the session touching an intraday high of 39,920.80
Of the 95 traded companies in the KSE100 Index 79 closed up 16 closed down, while 0 remained unchanged. Total volume traded for the index was 270.11 million shares.
Sectors propping up the index were Cement with 133 points, Pharmaceuticals with 74 points, Oil & Gas Marketing Companies with 66 points, Technology & Communication with 65 points and Commercial Banks with 58 points.
The most points added to the index was by LUCK which contributed 46 points followed by SEARL with 39 points, TRG with 32 points, ENGRO with 32 points and MCB with 27 points.
Sector wise, the index was let down by Close – End Mutual Fund with 4 points.
The most points taken off the index was by NBP which stripped the index of 16 points followed by PMPK with 7 points, HGFA with 4 points, FFC with 4 points and HMB with 3 points.
All Share Volume increased by 25.93 Million to 431.96 Million Shares. Market Cap increased by Rs.121.29 Billion.
Total companies traded were 425 compared to 400 from the previous session. Of the scrips traded 341 closed up, 70 closed down while 14 remained unchanged.
Total trades increased by 5,632 to 134,955.
Value Traded increased by 1.17 Billion to Rs.13.53 Billion
| Company | Volume |
|---|---|
| Hascol Petroleum | 59,705,882 |
| Unity Foods | 34,565,000 |
| TRG Pakistan | 23,965,500 |
| Fauji Foods | 19,234,500 |
| Power Cement | 19,080,000 |
| The Bank of Punjab | 18,360,500 |
| Maple Leaf Cement Factory | 17,631,330 |
| Pakistan International Bulk Terminal | 17,513,500 |
| Pakistan Refinery | 16,988,500 |
| Al Shaheer Corporation | 11,958,500 |
| Sector | Volume |
|---|---|
| Oil & Gas Marketing Companies | 63,699,756 |
| Cement | 57,124,191 |
| Technology & Communication | 40,545,000 |
| Food & Personal Care Products | 36,088,560 |
| Vanaspati & Allied Industries | 34,570,000 |
| Refinery | 31,012,200 |
| Commercial Banks | 30,508,707 |
| Engineering | 20,208,000 |
| Transport | 19,656,800 |
| Power Generation & Distribution | 16,596,233 |
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