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Closing Bell: Dazed and Confused

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September 24, 2020 (MLN): Bears returned to the market today, as the benchmark KSE-100 index shed 69 points or down by 0.17% to close at 41,807 points.

The index remained under pressure throughout the trading as it declined as much as 430 points in the early hours of trading but later recovered as value hunters dive in. Moreover, selling pressure continued in E&Ps as international crude oil prices drop, a closing note by Ismail Iqbal Securities stated.

During the session, ASL, BYCO and NCPL announced their financial results amid ongoing earnings season which also effected investors’ sentiments for today. The first two posted net losses of Rs 616 million and Rs 2.9 billion respectively, whereas, the latter reported profits of Rs. 4.6 billion in FY20.

The Index traded in a range of 524.43 points or 1.25 percent of previous close, showing an intraday high of 41,941.87 and a low of 41,417.44.

Of the 98 traded companies in the KSE100 Index 36 closed up 59 closed down, while 3 remained unchanged. Total volume traded for the index was 272.44 million shares.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 86 points, Food & Personal Care Products with 20 points, Power Generation & Distribution with 16 points, Technology & Communication with 14 points and Automobile Assembler with 12 points.

The most points taken off the index was by OGDC which stripped the index of 48 points followed by PPL with 33 points, TRG with 20 points, NESTLE with 14 points and BAFL with 11 points.

Sectors propping up the index were Fertilizer with 69 points, Cement with 18 points, Insurance with 9 points, Oil & Gas Marketing Companies with 5 points and Pharmaceuticals with 5 points.

The most points added to the index was by ENGRO which contributed 36 points followed by EFERT with 24 points, FFC with 15 points, LUCK with 15 points and PSO with 14 points.

All Share Volume decreased by 147.91 Million to 434.89 Million Shares. Market Cap decreased by Rs.33.37 Billion.

Total companies traded were 423 compared to 420 from the previous session. Of the scrips traded 142 closed up, 258 closed down while 23 remained unchanged.

Total trades increased by 11,533 to 129,590.

Value Traded increased by 2.22 Billion to Rs.15.11 Billion

Company Volume

Top Ten by Volume

K-Electric 40,527,500
Unity Foods 33,183,500
Hascol Petroleum 32,142,500
Power Cement 20,327,000
Pakistan International Bulk Terminal 19,088,000
Pakistan Telecommunication Company Ltd 17,748,000
Jahangir Siddiqui & Co. Ltd. 16,257,500
Aisha Steel Mills 15,781,000
TRG Pakistan 14,422,000
Fauji Foods 11,291,000

 

Sector Volume

Top Sector by Volume

Cement 53,593,508
Power Generation & Distribution 49,812,564
Technology & Communication 43,357,000
Oil & Gas Marketing Companies 38,762,490
Vanaspati & Allied Industries 33,185,000
Commercial Banks 32,827,667
Engineering 26,741,400
Inv. Banks / Inv. Cos. / Securities Cos. 22,883,900
Food & Personal Care Products 22,541,690
Transport 19,929,700

 

 

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Posted on: 2020-09-24T18:35:00+05:00

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