September 16, 2020 (MLN): The capital market opened on a positive note as ADB projected Pakistan’s GDP to grow by 2% in FY21 along with improved LSM output. However, profit-taking kicked in which brought the market down
The benchmark KSE-100 index ended the choppy session on a flat note by losing another 64 points today and closed at 42,282 points. This was 0.15% lower compared to the previous closing.
According to a closing note by Aba Ali Habib Securities, investors remained cautious in trading at these levels due to the upcoming monetary policy which is to be held on 21st September.
The session was marred by the news of the FATF bill that required Parliament’s approval and expectation of possible decline thereof, caused the Index to come under selling pressure as per Arif Habib research.
The Index traded in a range of 456.66 points or 1.08 percent of the previous close, showing an intraday high of 42,544.78 and a low of 42,088.12.
Of the 93 traded companies in the KSE100 Index, 36 closed up 54 closed down, while 3 remained unchanged. The total volume traded for the index was 300.27 million shares.
Sector-wise, the index was let down by Commercial Banks with 68 points, Oil & Gas Marketing Companies with 28 points, Power Generation & Distribution with 27 points, Tobacco with 18 points, and Textile Composite with 13 points.
The most points taken off the index was by HBL which stripped the index of 28 points followed by PAKT with 18 points, HUBC with 16 points, UBL with 15 points and PSO with 13 points.
Sectors propping up the index were Fertilizer with 54 points, Cement with 23 points, Inv. Banks / Inv. Cos. / Securities Cos. with 18 points, Technology & Communication with 8 points and Paper & Board with 3 points.
The most points added to the index was by ENGRO which contributed 41 points followed by LUCK with 20 points, DAWH with 19 points, FFC with 15 points and SYS with 11 points.
All Share Volume decreased by 173.20 Million to 489.60 Million Shares. Market Cap decreased by Rs.30.91 Billion.
The total companies traded were 414 compared to 438 from the previous session. Of the scrips traded 148 closed up, 250 closed down while 16 remained unchanged.
Total trades decreased by 38,591 to 131,842.
Value Traded decreased by 3.99 Billion to Rs.14.62 Billion
| Company | Volume |
|---|---|
| K-Electric | 70,582,000 |
| Hascol Petroleum | 37,389,500 |
| Dewan Cement | 28,132,000 |
| Jahangir Siddiqui & Co. Ltd. | 25,984,000 |
| Unity Foods | 20,210,000 |
| The Bank of Punjab | 18,977,500 |
| Pakistan International Bulk Terminal | 18,321,500 |
| Fauji Fertilizer Bin Qasim | 16,417,000 |
| Power Cement | 16,212,500 |
| TRG Pakistan | 14,900,000 |
| Sector | Volume |
|---|---|
| Power Generation & Distribution | 82,760,870 |
| Cement | 65,639,616 |
| Commercial Banks | 54,050,525 |
| Oil & Gas Marketing Companies | 44,543,396 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 34,820,600 |
| Technology & Communication | 32,911,900 |
| Food & Personal Care Products | 27,863,650 |
| Fertilizer | 21,590,646 |
| Vanaspati & Allied Industries | 20,210,800 |
| Transport | 18,993,700 |
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