April 06, 2020 (MLN): Inertia from last trading day inspired a positive open in today’s session but lost momentum early on as profit taking after the initial rally forced the benchmark KSE-100 index to pare 1042 points to close at 30,579-mark i.e. 3.30% lower than previous session.
The sell-off in the capital markets driven by the news flow regarding a delay in release of third tranche by IMF, amounting $450 million of the total $ 6 billion under the Extended Fund Facility.
The delay in disbursement will be likely due to losing the momentum on macroeconomic front and the time has arrived to re-adjust the macroeconomic targets.
Moreover, the investors’ sentiments were also affected due to a significant increase in Coronavirus cases in a single day.
The Index traded in a range of 1415.62 points or 4.48 percent of previous close, showing an intraday high of 31,915.41 and a low of 30,499.79.
Of the 96 traded companies in the KSE100 Index 14 closed up while 82 closed down. Total volume traded for the index was 181.22 million shares.
Sector wise, the index was let down by Commercial Banks with 297 points, Fertilizer with 143 points, Cement with 121 points, Power Generation & Distribution with 93 points and Oil & Gas Marketing Companies with 62 points.
The most points taken off the index was by HBL which stripped the index of 80 points followed by MCB with 71 points, HUBC with 62 points, ENGRO with 57 points and UBL with 56 points.
Sectors propping up the index were Tobacco with 22 points, Miscellaneous with 3 points, Textile Spinning with 2 points, Sugar & Allied Industries with 1 points and Real Estate Investment Trust with 1 points.
The most points added to the index was by OGDC which contributed 33 points followed by PAKT with 22 points, BAHL with 10 points, JLICL with 6 points and SCBPL with 4 points.
All Share Volume decreased by 18.55 Million to 233.33 Million Shares. Market Cap decreased by Rs.132.51 Billion.
Total companies traded were 339 compared to 340 from the previous session. Of the scrips traded 47 closed up, 278 closed down while 14 remained unchanged.
Total trades increased by 14,133 to 100,896.
Value Traded decreased by 0.55 Billion to Rs.8.71 Billion
| Company | Volume |
|---|---|
| Maple Leaf Cement Factory | 23,037,500 |
| Hascol Petroleum | 20,174,500 |
| K-Electric | 17,013,000 |
| Unity Foods | 11,409,000 |
| Pioneer Cement | 10,843,500 |
| Fauji Cement Company | 9,582,000 |
| The Bank of Punjab | 9,028,000 |
| Oil & Gas Development Company | 8,549,463 |
| Pakistan Petroleum | 7,857,552 |
| Power Cement | 7,786,500 |
| Sector | Volume |
|---|---|
| Cement | 71,628,153 |
| Oil & Gas Marketing Companies | 25,503,766 |
| Power Generation & Distribution | 21,774,296 |
| Commercial Banks | 20,147,946 |
| Oil & Gas Exploration Companies | 17,164,512 |
| Vanaspati & Allied Industries | 11,409,500 |
| Technology & Communication | 10,150,600 |
| Engineering | 9,977,100 |
| Chemical | 7,369,100 |
| Food & Personal Care Products | 6,854,600 |
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