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Closing Bell: ECC’s verdict props up the benchmark index by 474 pts

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February 4, 2020 (MNL): The KSE-100 gained some pulse on Tuesday’s session, as it accumulated 474 points and closed at 40,884-level, i.e. around 1.1% higher than the previous session’s close.

The sentiments within the market saw a boost after the Economic Coordination Committee decided to defer the increase in gas prices for one more time.

The Index traded in a range of 611.75 points or 1.51 percent of previous close, showing an intraday high of 40,954.93 and a low of 40,343.18.

Of the 91 traded companies in the KSE100 Index 72 closed up and 19 closed down. Total volume traded for the index was 106.37 million shares.

Sectors propping up the index were Commercial Banks with 217 points, Power Generation & Distribution with 83 points, Fertilizer with 62 points, Cement with 44 points and Oil & Gas Marketing Companies with 33 points.

The most points added to the index was by MCB which contributed 84 points followed by HUBC with 67 points, ENGRO with 47 points, UBL with 44 points and BAHL with 30 points.

The market price of MCB's scrips shot up after the announcement of financial results, wherein the bank posted net earnings of Rs 23.94 billion (EPS: Rs 20.14) for the year ended on December 31, 2019, i.e. 17.3% higher than the same period of last year.

EPCL also announced its financial results today, wherein it declared earnings of Rs. 3.69 billion for the year ended December 31, 2019, i.e. nearly 25.03% lower than last year. The Earnings per share of the company stood at Rs. 4.07, which is 34.57% lower than the EPS of previous year.

Sector wise, the index was let down by Tobacco with 27 points, Glass & Ceramics with 2 points, Miscellaneous with 1 points and Automobile Parts & Accessories with 1 points.

The most points taken off the index was by PAKT which stripped the index of 27 points followed by PPL with 17 points, HBL with 8 points, JLICL with 5 points and INDU with 3 points.

All Share Volume decreased by 57.05 Million to 146.09 Million Shares. Market Cap increased by Rs.48.98 Billion.

Total companies traded were 350 compared to 351 from the previous session. Of the scrips traded 246 closed up, 92 closed down while 12 remained unchanged.

Total trades decreased by 14,496 to 59,438.

Value Traded decreased by 3.02 Billion to Rs.6.12 Billion

Company Volume

Top Ten by Volume

The Bank of Punjab 16,354,500
Hascol Petroleum 15,702,000
Unity Foods 8,318,000
K-Electric 7,827,500
D.G. Khan Cement Company 6,817,000
Avanceon 6,805,500
Maple Leaf Cement Factory 5,892,500
Worldcall Telecom 3,583,000
TRG Pakistan 2,953,000
Fauji Cement Company 2,656,500


Sector Volume

Top Sector by Volume

Commercial Banks 27,076,500
Cement 21,725,000
Oil & Gas Marketing Companies 19,946,300
Technology & Communication 15,785,000
Power Generation & Distribution 9,694,000
Vanaspati & Allied Industries 8,318,200
Chemical 5,703,050
Fertilizer 4,633,400
Food & Personal Care Products 3,558,100
Oil & Gas Exploration Companies 3,207,340



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Posted on: 2020-02-04T17:19:00+05:00