April 01, 2020 (MLN): The capital markets started on a good note to the first trading session of April as KSE-100 Index carried its positive momentum from the last session by gaining 273 points to close at 29,505- level amid inflation rate which fell to the lowest level in seven months at 10.20%.
However, the index seemed to witness a breather today after yesterday’s sharp rally which was accompanied by foreign selling ($8.7million). Moreover, the United Nations has identified that economies like Pakistan and other low-income countries will face a severe economic crisis if sufficient support is not provided, as per research by Ismail Iqbal Securities.
The Index traded in a range of 776.84 points or 2.66 percent of the previous close, showing an intraday high of 29,692.19 and a low of 28,915.35.
Of the 98 traded companies in the KSE100 Index, 56 closed up 40 closed down, while 2 remained unchanged. The total volume traded for the index was 157.17 million shares.
Sectors propping up the index were Commercial Banks with 46 points, Automobile Assembler with 38 points, Inv. Banks / Inv. Cos. / Securities Cos. with 33 points, Oil & Gas Exploration Companies with 32 points and Textile Composite with 29 points.
The most points added to the index were MARI which contributed 35 points followed by DAWH with 35 points, MCB with 24 points, ENGRO with 23 points and UBL with 23 points.
Sector-wise, the index was let down by Food & Personal Care Products with 14 points, Transport with 5 points, Tobacco with 3 points, Paper & Board with 3 points and Modarabas with 1 points.
The most points taken off the index was by MEBL which stripped the index of 24 points followed by LUCK with 18 points, EFERT with 12 points, NESTLE with 10 points and OGDC with 10 points.
All Share Volume decreased by 28.15 Million to 193.71 Million Shares. Market Cap increased by Rs.47.72 Billion.
Total companies traded were 358 compared to 353 from the previous session. Of the scrips traded 214 closed up, 122 closed down while 22 remained unchanged.
Total trades increased by 1,410 to 89,119.
Value Traded decreased by 0.66 Billion to Rs.6.69 Billion
|Maple Leaf Cement Factory||24,646,500|
|Oil & Gas Development Company||9,332,654|
|Fauji Cement Company||5,284,500|
|D.G. Khan Cement Company||4,670,500|
|The Bank of Punjab||4,335,000|
|Oil & Gas Marketing Companies||24,538,813|
|Power Generation & Distribution||14,299,546|
|Technology & Communication||12,997,900|
|Oil & Gas Exploration Companies||12,744,865|
|Vanaspati & Allied Industries||10,232,800|
|Food & Personal Care Products||9,694,390|
Copyright Mettis Link News