Closing Bell: Have you ever seen the rain?

August 21, 2020 (MLN): Domestic stock markets remained under pressure today as investors continued to sell ahead of the futures rollover week. The KSE-100 index extended yesterday’s losses on Friday and closed at 39,621-level, after shedding 246 points or 0.62% decline.

The notable highlight in today’s session was the approval of the sale of 7% shares of OGDCL and  10% shares of PPL in the Privatization Committee meeting which resulted in the active trading of the companies’ stocks.

Amid earnings season, the market has been volatile as investors react to half-year earnings announcement by several listed companies which include; Shell Pakistan Limited observed 5.4x increase in net losses after tax during 1HCY20 from Rs 1.44 billion to Rs 7.87 billion, FrieslandCampina Engro Pakistan Limited (FCEPL) reported half-yearly net profits of Rs 292 million against the net losses of Rs 238 million of the corresponding period last year while Lotte Chemical Pakistan (LOTCHEM) posted a colossal decline of 96% YoY in profitability to Rs 113 million (EPS: Rs 0.07) for the half-year ended June 30, 2020.

Besides, Mari Petroleum Company Limited (MPCL) made a gas discovery at its exploratory well Iqbal-1, drilled in Mari D&PL Area, located in Daharki, District Ghotki, Sindh.

During the week, the KSE-100 index lost 669.15 points or 1.66%, bringing to an end its 8 week positive streak.

Of the 94 traded companies in the KSE100 Index, 32 closed up 60 closed down, while 2 remained unchanged. The total volume traded for the index was 207.41 million shares.

Sector-wise, the index was let down by Oil & Gas Exploration Companies with 89 points, Power Generation & Distribution with 45 points, Cement with 36 points, Oil & Gas Marketing Companies with 29 points and Inv. Banks / Inv. Cos. / Securities Cos. with 13 points.

The most points taken off the index were by PPL which stripped the index of 52 points followed by OGDC with 40 points, HUBC with 37 points, PSO with 23 points and DAWH with 14 points.

Sectors propping up the index were Commercial Banks with 10 points, Fertilizer with 7 points, Glass & Ceramics with 4 points, Modarabas with 2 points and Food & Personal Care Products with 2 points.

The most points added to the index was by NBP which contributed 14 points followed by HBL with 12 points, ENGRO with 12 points, FCEPL with 10 points and BAFL with 7 points.

All Share Volume increased by 5.86 Million to 400.48 Million Shares. Market Cap decreased by Rs.57.17 Billion.

Total companies traded were 390 compared to 401 from the previous session. Of the scrips traded 135 closed up, 237 closed down while 18 remained unchanged.

Total trades increased by 1,027 to 129,228.

Value Traded decreased by 0.48 Billion to Rs.13.75 Billion


Top Ten by Volume

Worldcall Telecom23,982,500
Azgard Nine21,788,500
TPL Corp19,594,000
Dewan Cement17,798,500
Unity Foods16,772,500
TRG Pakistan13,963,500
Un ity Food(R)13,740,500
TPL Properties13,560,000
Power Cement12,094,500
Pakistan Telecommunication Company Ltd11,656,000



Top Sector by Volume

Technology & Communication74,711,700
Power Generation & Distribution31,862,354
Vanaspati & Allied Industries30,513,300
Oil & Gas Marketing Companies27,917,985
Textile Composite25,218,650
Commercial Banks18,691,360



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Posted on: 2020-08-21T18:36:00+05:00