October 3, 2019 (MLN): The winning streak continued today as the KSE-100 Index gained 388 points and closed at 32,752 points, marking an increase of 1.20% from last day’s closing.
Trading floor witnessed the highest volume since Oct 30, 2018 as stock volume increased 1.8 times on day on day basis to 324 million shares. One of the major reasons was the growth of cement sector in Sept’19 to 4.27mn ton, up by 11.56% YoY.
Another reason behind this upsurge was the investors’ confidence on a highly anticipated meeting between COAS and businessmen.
The Index traded in a range of 554.41 points or 1.71 percent of previous close, showing an intraday high of 32,834.89 and a low of 32,280.48.
Of the 92 traded companies in the KSE100 Index 74 closed up 16 closed down, while 2 remained unchanged. Total volume traded for the index was 210.22 million shares.
Sectors propping up the index were Commercial Banks with 90 points, Cement with 65 points, Fertilizer with 55 points, Power Generation & Distribution with 40 points and Oil & Gas Marketing Companies with 26 points.
The most points added to the index was by HBL which contributed 31 points followed by LUCK with 28 points, ENGRO with 24 points, KEL with 20 points and FFC with 20 points.
Sector wise, the index was let down by Chemical with 6 points, Food & Personal Care Products with 4 points, Glass & Ceramics with 3 points, Leather & Tanneries with 2 points and Automobile Parts & Accessories with 1 points.
The most points taken off the index was by POL which stripped the index of 9 points followed by MUREB with 6 points, COLG with 5 points, NESTLE with 3 points and GHGL with 3 points.
All Share Volume increased by 142.90 Million to 324.26 Million Shares. Market Cap increased by Rs.69.15 Billion.
Total companies traded were 384 compared to 367 from the previous session. Of the scrips traded 311 closed up, 63 closed down while 10 remained unchanged.
Total trades increased by 32,333 to 93,825.
Value Traded increased by 3.68 Billion to Rs.9.11 Billion
| Company | Volume |
|---|---|
| K-Electric | 35,771,000 |
| Unity Foods | 22,745,000 |
| Dost Steels | 11,872,500 |
| Maple Leaf Cement Factory | 11,218,500 |
| TRG Pakistan | 11,179,500 |
| Lotte Chemical Pakistan | 10,179,500 |
| Pak Elektron | 9,809,500 |
| Worldcall Telecom | 9,598,000 |
| Pakistan International Bulk Terminal | 9,206,500 |
| The Bank of Punjab | 9,056,000 |
| Sector | Volume |
|---|---|
| Cement | 39,125,700 |
| Power Generation & Distribution | 37,764,000 |
| Engineering | 31,657,900 |
| Chemical | 28,429,010 |
| Commercial Banks | 28,011,100 |
| Technology & Communication | 23,706,500 |
| Vanaspati & Allied Industries | 22,749,000 |
| Transport | 12,688,400 |
| Textile Composite | 12,479,800 |
| Oil & Gas Marketing Companies | 11,663,200 |
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