October 1, 2019 (MLN): After concluding the previous day on a rather flatter note, bulls tightened their grip on the bourse today, as stocks rallied and the benchmark KSE-100 index soared 175 points to settle at 32,254 mark.
The benchmark KSE-100 index witnessed higher volumes and bullish activity throughout the trading session today, as prices of commodities in international markets fall. Moreover, FBR achieved up to 90% of the tax collection target for 1QFY20, which further strengthen investors’ confidence.
The Index traded in a range of 295.17 points or 0.92 percent of previous close, showing an intraday high of 32,290.70 and a low of 31,995.53.
Of the 94 traded companies in the KSE100 Index 64 closed up 29 closed down, while 1 remained unchanged. Total volume traded for the index was 132.15 million shares.
Sectors propping up the index were Cement with 66 points, Power Generation & Distribution with 35 points, Commercial Banks with 32 points, Technology & Communication with 9 points and Engineering with 8 points.
The most points added to the index was by LUCK which contributed 20 points followed by HUBC with 19 points, FCCL with 16 points, KEL with 13 points and HBL with 12 points.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 20 points, Tobacco with 11 points, Glass & Ceramics with 3 points, Sugar & Allied Industries with 2 points and Food & Personal Care Products with 1 points.
The most points taken off the index was by POL which stripped the index of 16 points followed by PMPK with 11 points, FFC with 9 points, FATIMA with 8 points and PPL with 4 points.
All Share Volume increased by 14.68 Million to 180.73 Million Shares. Market Cap increased by Rs.19.87 Billion.
Total companies traded were 368 compared to 363 from the previous session. Of the scrips traded 245 closed up, 112 closed down while 11 remained unchanged.
Total trades increased by 14,765 to 59,230.
Value Traded increased by 0.76 Billion to Rs.5.00 Billion
| Company | Volume |
|---|---|
| K-Electric | 22,886,000 |
| Unity Foods | 19,427,500 |
| Fauji Cement Company | 14,732,000 |
| Maple Leaf Cement Factory | 11,557,500 |
| The Bank of Punjab | 9,596,000 |
| Worldcall Telecom | 7,639,000 |
| TRG Pakistan | 7,462,000 |
| Descon Oxychem | 3,900,000 |
| Pak Elektron | 3,777,000 |
| International Steels | 3,718,500 |
| Sector | Volume |
|---|---|
| Cement | 37,839,700 |
| Power Generation & Distribution | 24,680,500 |
| Vanaspati & Allied Industries | 19,461,500 |
| Technology & Communication | 17,840,000 |
| Commercial Banks | 13,306,500 |
| Engineering | 11,207,800 |
| Chemical | 11,125,560 |
| Oil & Gas Marketing Companies | 5,755,800 |
| Fertilizer | 4,164,100 |
| Cable & Electrical Goods | 3,886,000 |
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