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Closing Bell: Here we go again…

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Jul 24, 2019 (MNL): The euphoria surrounding Prime Minister’s visit to USA hasn’t even died out yet and the benchmark index has already started revealing its true colors. In Wednesday’s session, the KSE-100 index lost nearly 314 points and closed at 32,401-mark, after local investors partook in profit-taking.

Furthermore, the following important corporate announcements made throughout the day also left a somewhat significant impact on the trading floor:

  • SNGPL witnessed nearly 31% improvement in its nine-monthly bottom-line gains (Rs.7.8 billion, EPS: Rs.12.33 per share) marked as of March 31, 2019.
  • HBL observed a decline in its after-tax profits by around 51.7% to Rs 3.9 billion from Rs 8.1 billion recorded in the same period last year.
  • PSMC declared net losses of Rs. 544 million and Loss per share of Rs. 6.62 for the quarter ended June 30, 2019.
  • OGDCL announced the discovery of oil and gas from its exploratory well Pandhi # 01, which is located in District Sagnhar, Sindh Province.

The Index traded in a range of 416.17 points or 1.27 percent of previous close, showing an intraday high of 32,765.08 and a low of 32,348.91.

Of the 86 traded companies in the KSE100 Index 22 closed up 61 closed down, while 3 remained unchanged. Total volume traded for the index was 72.69 million shares.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 70 points, Fertilizer with 64 points, Commercial Banks with 52 points, Power Generation & Distribution with 49 points and Oil & Gas Marketing Companies with 21 points.

The most points taken off the index was by ENGRO which stripped the index of 41 points followed by HUBC with 35 points, HBL with 33 points, PPL with 28 points and FFC with 18 points.

Sectors propping up the index were Insurance with 6 points, Leasing Companies with 1 points, Glass & Ceramics with 1 points, Vanaspati & Allied Industries with 1 points and Paper & Board with 1 points.

The most points added to the index was by MCB which contributed 17 points followed by INDU with 8 points, DGKC with 7 points, IGIHL with 4 points and AGP with 4 points.

All Share Volume decreased by 12.74 Million to 84.38 Million Shares. Market Cap decreased by Rs.57.04 Billion.

Total companies traded were 309 compared to 318 from the previous session. Of the scrips traded 98 closed up, 195 closed down while 16 remained unchanged.

Total trades decreased by 3,684 to 33,688.

Value Traded decreased by 0.12 Billion to Rs.3.37 Billion

Company Volume

Top Ten by Volume

Unity Foods 8,976,000
Maple Leaf Cement Factory 7,941,500
D.G. Khan Cement Company 4,712,000
Pak Elektron 4,675,500
TRG Pakistan 4,605,000
International Steels 3,687,000
K-Electric 3,520,500
The Bank of Punjab 3,307,500
Habib Bank 3,291,700
Sui Northern Gas Pipelines 1,980,500


Sector Volume

Top Sector by Volume

Cement 17,212,100
Commercial Banks 14,132,600
Vanaspati & Allied Industries 8,977,000
Technology & Communication 6,358,500
Engineering 5,594,200
Power Generation & Distribution 5,458,000
Cable & Electrical Goods 4,873,500
Oil & Gas Marketing Companies 4,679,000
Chemical 3,089,250
Fertilizer 2,988,200



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Posted on: 2019-07-24T17:26:00+05:00