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MPS Preview: High for Longer

Closing Bell: Budget 2020 weaves its magic on the trading floors

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June 13, 2019 (MLN): The announcement of budget for upcoming fiscal year is clearly weaving its magic on the trading floors, as the benchmark KSE-100 index ended today’s trading session with a 465.14 point or 1.33 percent gain, and closed at 35,403.

The Index traded in a range of 643.23 points or 1.84 percent of previous close, showing an intraday high of 35,501.37 and a low of 34,858.14.

Of the 89 traded companies in the KSE-100 Index, 73 closed up whereas 16 closed down. Total volume traded for the index was 118,530,400 shares.

Sectors propping up the index were Fertilizer with 105 points, Commercial Banks with 86 points, Cement with 72 points, Power Generation & Distribution with 54 points and Oil & Gas Marketing Companies with 30 points.

The most points added to the index was by HUBC which contributed 43 points followed by ENGRO with 39 points, EFERT with 37 points, LUCK with 32 points and MCB with 22 points.

Sector wise, the index was let down by Insurance with 9 points, Automobile Assembler with 6 points, Automobile Parts & Accessories with 2 points, Real Estate Investment Trust with 2 points and Close – End Mutual Fund with 1 points.

The most points taken off the index was by IGIHL which stripped the index of 7 points followed by PSMC with 6 points, JLICL with 5 points, EFUG with 4 points and AKBL with 3 points.

All Share Volume increased by 3.35 Million to 154.32 Million Shares. Market Cap increased by Rs.58.60 Billion.

Total companies traded were 339 compared to 327 from the previous session. Of the scrips traded 228 closed up, 88 closed down while 23 remained unchanged.

Total trades increased by 2,202 to 59,870.

Value Traded increased by 0.71 Billion to Rs.5.64 Billion

Company Volume

Top Ten by Volume

Maple Leaf Cement Factory 12,496,000
The Bank of Punjab 10,444,000
TRG Pakistan 9,450,000
K-Electric 8,466,000
Pak Elektron 7,403,500
Lotte Chemical Pakistan 5,975,500
Unity Foods 5,438,000
Fauji Cement Company 5,331,500
Engro Polymer & Chemicals 5,322,000
D.G. Khan Cement Company 3,656,500

 

Sector Volume

Top Sector by Volume

Cement 29,459,600
Chemical 17,729,800
Technology & Communication 17,048,100
Commercial Banks 15,709,300
Power Generation & Distribution 10,737,500
Cable & Electrical Goods 7,486,000
Oil & Gas Marketing Companies 7,410,400
Vanaspati & Allied Industries 5,442,000
Engineering 5,433,200
Refinery 4,300,600

 

 

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Posted on: 2019-06-13T17:32:00+05:00

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