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Closing Bell: Everything’s Eventual

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October 9, 2020 (MLN): Bulls continued to rule the local bourse on Friday, with the benchmark KSE-100 index adding another 444 points and closed at 40,798 points i.e. up by 1.10% compared to the yesterday’s close.

Today's bullish momentum was led by the Banks and E&P heavy weights (OGDCL & PPL) sector on the back of improved international oil prices & attractive valuations. Recent supply disruption in USA along with expected supply cut from KSA & Norway increased Arba Light price to USD 40.92/bbl (+DoD 2.27%). Furthermore, investors sentiments were supported by the PKR appreciation (i.e. Closing at 163.80), said the report by Ismail Iqbal Securities.

During the week, index recovered to post gains of 727 points compared to the last week after falling by 998 points early on.

The Index traded in a range of 535.73 points or 1.33 percent of previous close, showing an intraday high of 40,840.57 and a low of 40,304.84.

Of the 96 traded companies in the KSE100 Index 68 closed up 27 closed down, while 1 remained unchanged. Total volume traded for the index was 240.64 million shares.

Sectors propping up the index were Commercial Banks with 136 points, Oil & Gas Exploration Companies with 88 points, Power Generation & Distribution with 44 points, Textile Composite with 35 points and Automobile Assembler with 35 points.

The most points added to the index was by HBL which contributed 64 points followed by HUBC with 47 points, OGDC with 31 points, PPL with 29 points and TRG with 27 points.

Sector wise, the index was let down by Tobacco with 7 points, Oil & Gas Marketing Companies with 4 points, Pharmaceuticals with 3 points, Refinery with 2 points and Engineering with 1 points.

The most points taken off the index was by PAKT which stripped the index of 14 points followed by HASCOL with 12 points, KEL with 6 points, NESTLE with 5 points and ABOT with 4 points.

All Share Volume decreased by 118.05 Million to 358.82 Million Shares. Market Cap increased by Rs.53.45 Billion.

Total companies traded were 409 compared to 411 from the previous session. Of the scrips traded 272 closed up, 124 closed down while 13 remained unchanged.

Total trades decreased by 27,831 to 119,356.

Value Traded decreased by 3.83 Billion to Rs.11.93 Billion

Company Volume

Top Ten by Volume

Hascol Petroleum 53,955,710
Unity Foods 34,991,000
TRG Pakistan 21,465,000
The Bank of Punjab 14,270,500
Worldcall Telecom 13,333,500
Power Cement 12,595,000
Pak Elektron 12,493,000
Aisha Steel Mills 11,690,000
Maple Leaf Cement Factory 10,300,822
Pakistan International Bulk Terminal 8,985,500

 

Sector Volume

Top Sector by Volume

Oil & Gas Marketing Companies 59,997,207
Technology & Communication 44,714,700
Cement 38,673,162
Vanaspati & Allied Industries 34,993,100
Commercial Banks 21,772,541
Engineering 18,649,100
Food & Personal Care Products 15,394,760
Refinery 15,309,300
Textile Composite 14,277,250
Power Generation & Distribution 14,012,297

 

 

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Posted on: 2020-10-09T19:20:00+05:00

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