Closing Bell: False hopes

September 23, 2020 (MNL): The KSE-100 index ended the trading session on Wednesday with a 47.35 point or 0.11 percent gain to close at 41,876.26.

The market kept oscillating between the green and the red zone, with most of the participation taking place in the banking sector. E&P sector, on the other hand, remained subdued owing to lower crude oil prices.

According to Arif Habib Limited, among OMCs, PSO and HASCOL performed well today, besides Cement sector that showed positive activity in anticipation of healthy dispatches in the ongoing month.

The Index traded in a range of 269.61 points or 0.64 percent of previous close, showing an intraday high of 42,023.01 and a low of 41,753.40.

Of the 94 traded companies in the KSE100 Index 53 closed up 40 closed down, while 1 remained unchanged. Total volume traded for the index was 251.51 million shares.

Sectors propping up the index were Textile Composite with 30 points, Inv. Banks / Inv. Cos. / Securities Cos. with 19 points, Oil & Gas Marketing Companies with 17 points, Chemical with 12 points and Fertilizer with 11 points.

The most points added to the index was by DAWH which contributed 23 points followed by COLG with 16 points, ILP with 13 points, JLICL with 7 points and BOP with 7 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 43 points, Engineering with 7 points, Pharmaceuticals with 6 points, Refinery with 4 points and Cement with 3 points.

The most points taken off the index was by OGDC which stripped the index of 17 points followed by PPL with 12 points, LUCK with 11 points, POL with 8 points and UBL with 8 points.

All Share Volume increased by 141.51 Million to 582.79 Million Shares. Market Cap increased by Rs.10.27 Billion.

Total companies traded were 420 compared to 428 from the previous session. Of the scrips traded 183 closed up, 218 closed down while 19 remained unchanged.

Total trades decreased by 9,699 to 118,057.

Value Traded decreased by 0.07 Billion to Rs.12.88 Billion


Top Ten by Volume

Unity Foods51,805,500
Jahangir Siddiqui & Co. Ltd.36,252,000
Pakistan Telecommunication Company Ltd27,156,000
Hascol Petroleum26,982,500
The Bank of Punjab17,132,500
Aisha Steel Mills15,180,500
Fauji Fertilizer Bin Qasim13,635,000
Maple Leaf Cement Factory12,738,500



Top Sector by Volume

Commercial Banks194,312,619
Vanaspati & Allied Industries51,814,000
Technology & Communication47,191,200
Inv. Banks / Inv. Cos. / Securities Cos.43,513,900
Oil & Gas Marketing Companies34,233,202
Power Generation & Distribution27,947,357
Food & Personal Care Products24,302,230



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Posted on: 2020-09-23T18:02:00+05:00