April 21, 2020 (MLN): Pakistan equities after a break of two days resumed their slide on Tuesday and fell sharply over 3.2% or 1,076 points as a historic plunge in U.S. crude prices to below zero outstretched the menace of a deep economic damage in the coming months.
Furthermore, as per Ismail Iqbal Securities, steep drop in oil prices limited the price performance of E&Ps, while Cements came into limelight on news flows that a pricing arrangement has been reached among industry players.
The Index remained negative throughout the session touching an intraday low of 32,296.50 and ultimately closed at 32,422 points level.
Of the 94 traded companies in the KSE100 Index 18 closed up 75 closed down, while 1 remained unchanged. Total volume traded for the index was 266.22 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 288 points, Fertilizer with 175 points, Power Generation & Distribution with 136 points, Commercial Banks with 124 points and Oil & Gas Marketing Companies with 106 points.
The most points taken off the index was by ENGRO which stripped the index of 129 points followed by HUBC with 114 points, OGDC with 98 points, PPL with 94 points and FFC with 62 points.
Sectors propping up the index were Tobacco with 21 points, Sugar & Allied Industries with 2 points, Real Estate Investment Trust with 1 points and Leasing Companies with 1 points.
The most points added to the index was by EFERT which contributed 24 points followed by KOHC with 13 points, CHCC with 12 points, PAKT with 11 points and BAHL with 11 points.
All Share Volume decreased by 60.75 Million to 339.15 Million Shares. Market Cap decreased by Rs.156.36 Billion.
Total companies traded were 339 compared to 375 from the previous session. Of the scrips traded 70 closed up, 258 closed down while 11 remained unchanged.
Total trades increased by 2,489 to 133,073.
Value Traded decreased by 1.98 Billion to Rs.15.39 Billion
| Company | Volume |
|---|---|
| Maple Leaf Cement Factory | 59,614,000 |
| Fauji Cement Company | 24,209,500 |
| Hascol Petroleum | 22,086,000 |
| D.G. Khan Cement Company | 20,605,500 |
| Pioneer Cement | 12,235,000 |
| Cherat Cement Company | 10,215,000 |
| Unity Foods | 10,037,500 |
| K-Electric | 9,042,500 |
| Engro Fertilizers | 8,577,016 |
| Hum Network | 8,114,000 |
| Sector | Volume |
|---|---|
| Cement | 151,444,888 |
| Oil & Gas Marketing Companies | 28,640,662 |
| Technology & Communication | 21,383,300 |
| Commercial Banks | 17,821,655 |
| Oil & Gas Exploration Companies | 15,665,632 |
| Engineering | 14,335,300 |
| Power Generation & Distribution | 13,520,724 |
| Fertilizer | 13,332,341 |
| Vanaspati & Allied Industries | 10,037,700 |
| Chemical | 8,694,757 |
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