September 17, 2020 (MLN): The local bourse witnessed a bull market in today’s volatile session as the benchmark KSE-100 Index shattered two days bear spell by gaining 52 points to close at 42,334-level.
Benchmark touched intraday high of 350 points in early trading hours, however, profit taking towards the last hours of session eroded most of the gains.
Stocks gained on recovery in international oil prices, while the tone in US Fed policy stance also signaled longer duration of lower rates due to slower global growth recovery, a report by Aba Ali Habib Securities stated.
During the session, MUGHAL, ILP and DGKC announced their financial results amid ongoing earnings season which also effected investors’ sentiments for today. The first two posted 57% YoY and 78% YoY decline in their net profits respectively, whereas, the latter reported loss after tax of Rs 2.2 billion for FY20.
The Index traded in a range of 353.51 points or 0.84 percent of previous close, showing an intraday high of 42,632.41 and a low of 42,278.90.
Of the 97 traded companies in the KSE100 Index 45 closed up 49 closed down, while 3 remained unchanged. Total volume traded for the index was 324.37 million shares.
Sectors propping up the index were Chemical with 23 points, Technology & Communication with 17 points, Oil & Gas Exploration Companies with 14 points, Oil & Gas Marketing Companies with 8 points and Paper & Board with 7 points.
The most points added to the index was by EPCL which contributed 19 points followed by POL with 14 points, PTC with 13 points, PSO with 13 points and ENGRO with 12 points.
Sector wise, the index was let down by Insurance with 14 points, Pharmaceuticals with 7 points, Fertilizer with 5 points, Transport with 4 points and Automobile Assembler with 4 points.
The most points taken off the index was by FFC which stripped the index of 12 points followed by AICL with 9 points, JLICL with 8 points, NESTLE with 6 points and ABL with 6 points.
All Share Volume increased by 19.09 Million to 508.69 Million Shares. Market Cap increased by Rs.5.90 Billion.
Total companies traded were 414 compared to 414 from the previous session. Of the scrips traded 200 closed up, 197 closed down while 17 remained unchanged.
Total trades decreased by 3,105 to 128,737.
Value Traded increased by 0.46 Billion to Rs.15.09 Billion
| Company | Volume |
|---|---|
| Pakistan Telecommunication Company Ltd | 78,666,000 |
| Unity Foods | 45,248,500 |
| Hascol Petroleum | 35,002,500 |
| Fauji Foods | 33,830,500 |
| Pakistan International Bulk Terminal | 20,531,500 |
| K-Electric | 19,722,000 |
| Engro Polymer & Chemicals | 14,758,000 |
| Kot Addu Power Company | 13,941,500 |
| TRG Pakistan | 12,707,000 |
| Lalpir Power | 9,829,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 108,618,900 |
| Power Generation & Distribution | 47,576,211 |
| Vanaspati & Allied Industries | 45,252,500 |
| Food & Personal Care Products | 42,236,660 |
| Oil & Gas Marketing Companies | 40,364,895 |
| Cement | 35,204,928 |
| Chemical | 30,775,030 |
| Commercial Banks | 29,023,095 |
| Engineering | 21,994,500 |
| Transport | 21,148,600 |
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