October 26, 2020 (MNL): The KSE-100 index ended the trading session on Monday with a 584.47 point or 1.42 percent gain to close at 41,850.47.
The index not only quickly reeled from the dreadful FATF meeting that took place on Friday but also showed its complete disregard and indifference towards the ongoing political instability. The announcement of financial earnings by several companies mainly helped in boosting the confidence of investors, as most of them reported profit growth.
The financial results of Lucky Cement, in particular, helped the cement sector as the company reported a remarkable 3.36x increase in net profits to Rs 5.13 billion for 1QFY21 against the profits of Rs 1.5 billion earned in the same quarter last year.
The Index remained positive throughout the session touching an intraday high of 41,876.79
Of the 98 traded companies in the KSE100 Index 72 closed up 23 closed down, while 3 remained unchanged. Total volume traded for the index was 285.91 million shares.
Sectors propping up the index were Cement with 230 points, Technology & Communication with 54 points, Oil & Gas Marketing Companies with 45 points, Power Generation & Distribution with 39 points and Inv. Banks / Inv. Cos. / Securities Cos. with 38 points.
The most points added to the index was by LUCK which contributed 121 points followed by DAWH with 38 points, HUBC with 37 points, MTL with 29 points and SYS with 28 points.
Sector wise, the index was let down by Commercial Banks with 20 points and Tobacco with 2 points.
The most points taken off the index was by UBL which stripped the index of 30 points followed by MCB with 11 points, POL with 5 points, NESTLE with 4 points and HBL with 3 points.
All Share Volume increased by 132.73 Million to 487.16 Million Shares. Market Cap increased by Rs.84.36 Billion.
Total companies traded were 430 compared to 402 from the previous session. Of the scrips traded 307 closed up, 105 closed down while 18 remained unchanged.
Total trades increased by 26,009 to 160,785.
Value Traded increased by 5.90 Billion to Rs.21.51 Billion
| Company | Volume |
|---|---|
| Maple Leaf Cement Factory | 48,526,243 |
| Power Cement | 38,320,000 |
| Fauji Cement Company | 31,227,000 |
| Pakistan Refinery | 30,927,000 |
| Unity Foods | 29,828,000 |
| Hascol Petroleum | 20,369,707 |
| TRG Pakistan | 18,604,000 |
| Pak Elektron | 17,447,000 |
| Pakistan International Bulk Terminal | 17,059,000 |
| Aisha Steel Mills | 8,993,500 |
| Sector | Volume |
|---|---|
| Cement | 149,408,623 |
| Technology & Communication | 45,751,900 |
| Refinery | 39,868,100 |
| Vanaspati & Allied Industries | 29,852,900 |
| Engineering | 25,809,900 |
| Oil & Gas Marketing Companies | 25,809,230 |
| Chemical | 19,794,920 |
| Cable & Electrical Goods | 18,178,400 |
| Commercial Banks | 17,913,142 |
| Transport | 17,405,100 |
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