Closing Bell: Bulls return to trading floors

October 16, 2019 (MLN):  The domestic equity market today, displayed a subdued recovery after gaining 197 points and closed at 34,281-mark level. The Index remained positive throughout the session touching an intraday high of 34,434.45 points.

Positive sentiments among the investors emanated on the back of the news reports that Pakistan will continue to stay on the FATF grey list for next four months. Moreover, IMF upheld its forecast for Pakistan’s growth at 2.4% in FY20 while inflation is expected to come in at 13%, this further helped in boosting investors’ confidence.

Of the 94 traded companies in the KSE100 Index 61 closed up 28 closed down, while 5 remained unchanged. Total volume traded for the index was 94.32 million shares.

Sectors propping up the index were Commercial Banks with 49 points, Oil & Gas Exploration Companies with 46 points, Fertilizer with 36 points, Oil & Gas Marketing Companies with 30 points and Food & Personal Care Products with 19 points.

The most points added to the index was by PPL which contributed 40 points followed by OGDC with 27 points, PSO with 20 points, ENGRO with 19 points and BAHL with 16 points.

Sector wise, the index was let down by Power Generation & Distribution with 8 points, Cement with 7 points, Inv. Banks / Inv. Cos. / Securities Cos. with 5 points, Automobile Parts & Accessories with 4 points and Technology & Communication with 4 points.

The most points taken off the index was by UBL which stripped the index of 15 points followed by HUBC with 13 points, POL with 11 points, MARI with 10 points and LUCK with 6 points.

All Share Volume decreased by 5.04 Million to 151.37 Million Shares. Market Cap increased by Rs.31.35 Billion.

Total companies traded were 387 compared to 368 from the previous session. Of the scrips traded 241 closed up, 121 closed down while 25 remained unchanged.

Total trades increased by 1,888 to 57,511.

Value Traded decreased by 0.40 Billion to Rs.4.90 Billion

CompanyVolume

Top Ten by Volume

K-Electric11,825,000
Worldcall Telecom11,799,000
Unity Foods10,200,500
Lotte Chemical Pakistan8,789,500
Fauji Cement Company3,822,000
TRG Pakistan3,802,500
Descon Oxychem3,713,000
Abdullah Shah Ghazi Sugar Mills3,408,500
Avanceon2,878,000
Dost Steels2,804,500

 

SectorVolume

Top Sector by Volume

Technology & Communication22,899,500
Chemical17,390,200
Power Generation & Distribution14,128,000
Commercial Banks13,092,600
Cement12,383,500
Vanaspati & Allied Industries10,203,100
Engineering8,718,000
Oil & Gas Marketing Companies6,614,900
Sugar & Allied Industries5,561,300
Textile Composite4,727,700

 

 

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Posted on: 2019-10-16T18:00:00+05:00

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