Closing Bell: Given to Fly

July 8, 2020 (MLN): The benchmark KSE-100 Index surged again on Wednesday, extending its winning streak to the ninth consecutive trading session after recording a rise of 321 points or 0.91% to finish at 35,694 mark.

The rally in domestic stocks today was primarily helped by SBP’s move to safeguard the businesses and households as it reduced markup rate on investment under TERF to 5% from the existing 7% and on LTFF for non-textile sector to 5% from 6%.

The Index remained positive throughout the session touching an intraday high of 35,698.48

Of the 93 traded companies in the KSE100 Index 61 closed up 28 closed down, while 4 remained unchanged. Total volume traded for the index was 205.99 million shares.

Sectors propping up the index were Commercial Banks with 163 points, Automobile Assembler with 30 points, Technology & Communication with 29 points, Oil & Gas Exploration Companies with 21 points and Pharmaceuticals with 19 points.

The most points added to the index was by HBL which contributed 75 points followed by UBL with 35 points, PPL with 25 points, TRG with 24 points and MTL with 20 points.

Sector wise, the index was let down by Power Generation & Distribution with 13 points, Fertilizer with 7 points and Food & Personal Care Products with 7 points.

The most points taken off the index was by LUCK which stripped the index of 15 points followed by HUBC with 10 points, ENGRO with 6 points, OGDC with 6 points and NESTLE with 5 points.

All Share Volume decreased by 16.20 Million to 317.69 Million Shares. Market Cap increased by Rs.53.20 Billion.

Total companies traded were 378 compared to 394 from the previous session. Of the scrips traded 236 closed up, 120 closed down while 22 remained unchanged.

Total trades decreased by 3,325 to 123,709.

Value Traded increased by 0.81 Billion to Rs.13.02 Billion

CompanyVolume

Top Ten by Volume

TRG Pakistan38,340,500
Pak Elektron20,611,500
Maple Leaf Cement Factory17,504,000
Jahangir Siddiqui & Co. Ltd.17,343,500
Worldcall Telecom13,545,500
Lotte Chemical Pakistan10,289,500
D.G. Khan Cement Company10,167,000
Hascol Petroleum10,058,500
The Bank of Punjab9,769,000
Avanceon7,019,500

 

SectorVolume

Top Sector by Volume

Technology & Communication67,825,500
Cement44,999,964
Commercial Banks31,896,876
Cable & Electrical Goods22,445,700
Inv. Banks / Inv. Cos. / Securities Cos.19,342,300
Oil & Gas Marketing Companies16,490,581
Chemical16,223,578
Engineering10,973,000
Food & Personal Care Products9,598,010
Power Generation & Distribution9,174,257

 

 

Copyright Mettis Link News

 

Posted on: 2020-07-08T18:14:00+05:00

35673