November 5, 2020 (MLN): In line with global markets, the domestic equities recouped today from yesterday’s sell-off, as the benchmark KSE-100 index closed 1.96% higher or 789 points above compared to previous closing to settle at 47,071 points.
According to the closing note by Ismail Iqbal Securities, ECC's formation of committee for settlement of circular debt remained major driver today. Resultantly, investors cherry pick index heavy weights (Banks and E&Ps) contributing 403 points to index gains.
Moreover, the bull run was also backed by the banking sector statistics released by SBP as per which growth in deposits reached 13-year high during 10MCY20.
Besides this, some clarity emerged regarding the victory in a tight US election race which further fueled investors’ sentiments.
The Index remained positive throughout the session touching an intraday high of 41,086.06
Of the 93 traded companies in the KSE100 Index 81 closed up 9 closed down, while 3 remained unchanged. Total volume traded for the index was 193.38 million shares.
Sectors propping up the index were Commercial Banks with 242 points, Oil & Gas Exploration Companies with 155 points, Oil & Gas Marketing Companies with 59 points, Cement with 56 points and Power Generation & Distribution with 48 points.
The most points added to the index was by PPL which contributed 60 points followed by MCB with 53 points, OGDC with 51 points, HUBC with 41 points and POL with 41 points.
The most points taken off the index was by ATLH which stripped the index of 4 points followed by ICI with 3 points, FFBL with 2 points, ARPL with 1 point and AICL with 1 point.
All Share Volume decreased by 71.19 Million to 356.66 Million Shares. Market Cap increased by Rs.119.55 Billion.
Total companies traded were 400 compared to 393 from the previous session. Of the scrips traded 292 closed up, 86 closed down while 22 remained unchanged.
Total trades decreased by 18,989 to 121,719.
Value Traded decreased by 2.20 Billion to Rs.11.71 Billion
| Company | Volume |
|---|---|
| Pakistan Refinery | 33,193,000 |
| Unity Foods | 32,343,500 |
| Pakistan International Bulk Terminal | 19,396,500 |
| Hascol Petroleum | 19,104,465 |
| TRG Pakistan | 13,196,000 |
| Lotte Chemical Pakistan | 12,857,500 |
| Agha Steel Ind.Ltd | 12,324,000 |
| Fauji Foods | 11,481,500 |
| Fauji Fertilizer Bin Qasim | 10,961,500 |
| TPL Corp | 10,812,500 |
| Sector | Volume |
|---|---|
| Refinery | 46,014,700 |
| Technology & Communication | 35,777,400 |
| Vanaspati & Allied Industries | 32,348,000 |
| Chemical | 26,219,550 |
| Cement | 23,183,710 |
| Oil & Gas Marketing Companies | 22,659,680 |
| Engineering | 20,318,300 |
| Transport | 20,141,900 |
| Food & Personal Care Products | 17,719,890 |
| Power Generation & Distribution | 17,249,750 |
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