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Closing Bell: Celebration Day

November 24, 2020 (MLN): Bulls staged a comeback to the Pakistan Stock Exchange on Tuesday and pushed the benchmark KSE-100 Index up by 230.84 points as investors cherished the stance of the Monetary Policy Committee (MPC) which kept the policy rate unchanged i.e. at 7 percent. Moreover, a consistent increase in international crude oil prices also drove investors’ sentiments.

According to the closing note by Next Capital, the market turned positive today after yesterday’s sell-off as global markets gained momentum on the back of Covid-19 vaccine progress and as Joe Biden was given the go-ahead and start the transition process.

The KSE-100 index concluded the session with 230.84 points or 0.58% gain and closed at  39,863.36 level.  

The Index traded in a range of 390.20 points or 0.98 percent of the previous close, showing an intraday high of 40,021.24 and a low of 39,631.04.

Of the 95 traded companies in the KSE100 Index, 57 closed up 33 closed down, while 5 remained unchanged. The total volume traded for the index was 105.95 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 67 points, Commercial Banks with 41 points, Fertilizer with 26 points, Technology & Communication with 22 points and Oil & Gas Marketing Companies with 18 points.

The most points added to the index was by POL which contributed 23 points followed by DAWH with 18 points, MARI with 17 points, LUCK with 16 points and OGDC with 16 points.

Sector-wise, the index was let down by Insurance with 4 points, Chemical with 3 points, Engineering with 3 points, Food & Personal Care Products with 3 points and Power Generation & Distribution with 3 points.

The most points taken off the index was by COLG which stripped the index of 6 points followed by INDU with 6 points, DGKC with 5 points, ENGRO with 4 points and MLCF with 4 points.

All Share Volume decreased by 20.75 Million to 174.72 Million Shares. Market Cap increased by Rs.26.20 Billion.

Total companies traded were 377 compared to 382 from the previous session. Of the scrips traded 211 closed up, 137 closed down while 29 remained unchanged.

Total trades decreased by 10,177 to 80,392.

Value Traded decreased by 0.68 Billion to Rs.6.79 Billion

Company Volume

Top Ten by Volume

Unity Foods 19,008,000
Maple Leaf Cement Factory 14,519,122
TRG Pakistan 12,665,500
Hum Network 10,846,000
Pakistan Refinery 7,977,500
Hascol Petroleum 7,842,318
Aisha Steel Mills 6,228,500
Pakistan International Bulk Terminal 4,837,500
Power Cement 4,340,500
Agha Steel Ind.Ltd 3,571,500


Sector Volume

Top Sector by Volume

Technology & Communication 32,485,500
Cement 24,431,636
Vanaspati & Allied Industries 19,011,800
Engineering 13,639,700
Oil & Gas Marketing Companies 11,734,467
Refinery 11,047,300
Commercial Banks 6,955,022
Power Generation & Distribution 6,832,351
Chemical 6,478,230
Fertilizer 6,319,374



Copyright Mettis Link News


Posted on: 2020-11-24T17:59:00+05:00


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