Closing Bell: Doom and Gloom

October 28, 2020 (MLN): The capital market witnessed another volatile trading activity amid rollover effect on Wednesday, with the benchmark KSE-100 index losing another 194 points and closed at 41,186-level i.e. down by 0.47% compared to yesterday’s close.

Apart from the rollover week, mix global cues and volatility in international oil price also dictated the market trend, as per the closing note by Aba Ali Habib Securities.

Moreover, the mixed corporate results of several listed companies also affected the investors’ trading strategy.

The Index traded in a range of 623.18 points or 1.51 percent of the previous close, showing an intraday high of 41,695.81 and a low of 41,072.63.

Of the 94 traded companies in the KSE100 Index, 30 closed up 61 closed down, while 3 remained unchanged. The total volume traded for the index was 258.48 million shares.

Sector wise, the index was let down by Commercial Banks with 85 points, Cement with 67 points, Textile Composite with 44 points, Pharmaceuticals with 37 points and Oil & Gas Marketing Companies with 19 points.

The most points taken off the index was by LUCK which stripped the index of 48 points followed by SEARL with 39 points, UBL with 30 points, HBL with 27 points and POL with 23 points.

Sectors propping up the index were Power Generation & Distribution with 105 points, Automobile Parts & Accessories with 16 points, Glass & Ceramics with 13 points, Inv. Banks / Inv. Cos. / Securities Cos. with 12 points and Vanaspati & Allied Industries with 5 points.

The most points added to the index was by HUBC which contributed 96 points followed by PPL with 19 points, THALL with 13 points, GHGL with 13 points and DAWH with 10 points.

All Share Volume decreased by 112.62 Million to 368.42 Million Shares. Market Cap decreased by Rs.36.06 Billion.

Total companies traded were 415 compared to 407 from the previous session. Of the scrips traded 151 closed up, 246 closed down while 18 remained unchanged.

Total trades decreased by 22,315 to 138,314.

Value Traded decreased by 3.29 Billion to Rs.15.15 Billion


Top Ten by Volume

Unity Foods60,250,500
Pakistan International Bulk Terminal31,266,000
Hascol Petroleum26,875,020
The Hub Power Company16,816,609
Power Cement12,689,000
Kot Addu Power Company12,137,500
TRG Pakistan11,568,500
Shabbir Tiles & Ceramics10,958,500
Maple Leaf Cement Factory10,269,366
Fauji Fertilizer Bin Qasim9,311,000



Top Sector by Volume

Vanaspati & Allied Industries60,252,500
Power Generation & Distribution34,797,109
Oil & Gas Marketing Companies32,323,475
Technology & Communication21,033,900
Commercial Banks20,549,604
Glass & Ceramics15,718,000



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Posted on: 2020-10-28T17:35:00+05:00