July 29, 2020 (MLN): Despite witnessing some profit booking in last trading hours, domestic equities remained bullish in today’s trading session with the benchmark KSE-100 index closing at 38,836 points after gaining 209 points.
According to a closing note by Aba Ali Habib Securities, the ECC’s approval for revision of petroleum products prices on fortnightly basis coupled with favorable news flows from World Bank kept investors interest alive in market throughout the session.
However, in later hours some profit taking was witnessed due to futures rollover and long weekend ahead, the report added.
The Index remained positive throughout the session touching an intraday high of 39,124.65
Of the 97 traded companies in the KSE100 Index 65 closed up 30 closed down, while 2 remained unchanged. Total volume traded for the index was 368.74 million shares.
Sectors propping up the index were Cement with 62 points, Power Generation & Distribution with 59 points, Oil & Gas Exploration Companies with 49 points, Oil & Gas Marketing Companies with 25 points and Insurance with 23 points.
The most points added to the index was by HUBC which contributed 32 points followed by LUCK with 28 points, KEL with 19 points, PPL with 19 points and POL with 15 points.
Sector wise, the index was let down by Commercial Banks with 43 points, Fertilizer with 11 points, Tobacco with 9 points, Inv. Banks / Inv. Cos. / Securities Cos. with 5 points and Food & Personal Care Products with 5 points.
The most points taken off the index was by HBL which stripped the index of 35 points followed by FFC with 20 points, MEBL with 11 points, FFBL with 11 points and PAKT with 9 points.
All Share Volume increased by 113.96 Million to 508.26 Million Shares. Market Cap increased by Rs.21.06 Billion.
Total companies traded were 400 compared to 392 from the previous session. Of the scrips traded 186 closed up, 183 closed down while 31 remained unchanged.
Total trades decreased by 141,190 to 0.
Value Traded increased by 4.85 Billion to Rs.21.05 Billion
| Company | Volume |
|---|---|
| K-Electric | 73,290,000 |
| Pak Elektron | 35,319,500 |
| TRG Pakistan | 30,782,000 |
| Maple Leaf Cement Factory | 20,517,500 |
| Pakistan International Bulk Terminal | 18,682,500 |
| The Bank of Punjab | 18,041,000 |
| Fauji Foods | 15,237,500 |
| Pakistan Refinery | 13,967,500 |
| Pakistan Petroleum | 13,088,719 |
| Fauji Cement Company | 12,352,000 |
| Sector | Volume |
|---|---|
| Power Generation & Distribution | 93,717,218 |
| Cement | 60,786,314 |
| Technology & Communication | 60,221,200 |
| Commercial Banks | 41,631,867 |
| Cable & Electrical Goods | 38,268,450 |
| Refinery | 24,091,800 |
| Food & Personal Care Products | 22,591,300 |
| Oil & Gas Marketing Companies | 20,177,453 |
| Transport | 19,735,200 |
| Chemical | 18,218,767 |
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