Closing Bell: Crossroads

October 13, 2020 (MLN): Following the route of global equities, the benchmark KSE-100 Index continued the bearish momentum on Tuesday and ended 203 points lower at 40,006 level on profit booking due to uncertainty surrounded investors about the upcoming FATF review and inflation noise.  

The trading activity was knocked by the political uncertainty as Pakistan Democratic Movement (PDM) decides to hold its first anti-government rally on 16th Oct, as per market closing note by Aba Ali Habib Securities.

The Index traded in a range of 652.73 points or 1.62 percent of the previous close, showing an intraday high of 40,298.82 and a low of 39,646.09.

Of the 93 traded companies in the KSE100 Index, 30 closed up 62 closed down, while 1 remained unchanged. The total volume traded for the index was 195.24 million shares.

Sector-wise, the index was let down by Oil & Gas Exploration Companies with 68 points, Commercial Banks with 32 points, Fertilizer with 30 points, Power Generation & Distribution with 25 points, and Cement with 19 points.

The most points taken off the index were by HUBC which stripped the index of 32 points followed by PPL with 27 points, OGDC with 24 points, MCB with 23 points and ENGRO with 21 points.

Sectors propping up the index were Inv. Banks / Inv. Cos. / Securities Cos. with 7 points, Insurance with 6 points, Vanaspati & Allied Industries with 4 points, Glass & Ceramics with 4 points and Automobile Parts & Accessories with 3 points.

The most points added to the index was by HBL which contributed 17 points followed by TRG with 8 points, LUCK with 8 points, DAWH with 8 points and KEL with 7 points.

All Share Volume decreased by 87.51 Million to 290.14 Million Shares. Market Cap decreased by Rs.37.20 Billion.

The total companies traded were 403 compared to 406 from the previous session. Of the scrips traded 145 closed up, 241 closed down while 17 remained unchanged.

Total trades decreased by 23,261 to 108,740.

Value Traded decreased by 3.12 Billion to Rs.9.82 Billion

CompanyVolume

Top Ten by Volume

Hascol Petroleum43,886,146
TRG Pakistan28,531,000
Unity Foods19,119,000
K-Electric15,629,500
Pakistan International Bulk Terminal14,180,500
Power Cement13,946,500
Maple Leaf Cement Factory9,942,534
Fauji Foods9,245,000
Pakistan Refinery8,690,000
Pak Elektron7,180,000

 

SectorVolume

Top Sector by Volume

Oil & Gas Marketing Companies48,394,403
Cement39,314,420
Technology & Communication37,516,300
Power Generation & Distribution25,073,597
Vanaspati & Allied Industries19,122,600
Food & Personal Care Products16,941,760
Transport15,012,600
Refinery14,445,400
Commercial Banks11,173,228
Inv. Banks / Inv. Cos. / Securities Cos.9,968,000

 

 

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Posted on: 2020-10-13T17:35:00+05:00

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