Closing bell: Hope Springs Eternal

November 13, 2019 (MLN): Contrary to the performance of yesterday’s session, today’s gains mark the index on the greener side, during which period it gained 401 points to close at 37,166 level.

The index was driven up by the improvement in economic indicators – increase in foreign reserves and revenue collection, improvement in the stock market and a successful IMF review.

SBP governor, Dr. Reza Baqir’s announcement to boost trade and ease of doing business brought hope amongst investors and exporters.

The Index traded in a range of 803.76 points or 2.19 per cent of the previous close, showing an intraday high of 37,288.64 and a low of 36,484.88.

Of the 94 traded companies in the KSE100 Index, 63 closed up 30 closed down, while 1 remained unchanged. Total volume traded for the index was 174.66 million shares.

Sectors propping up the index were Commercial Banks with 152 points, Oil & Gas Exploration Companies with 74 points, Fertilizer with 42 points, Textile Composite with 35 points and Power Generation & Distribution with 18 points.

The most points added to the index were by HBL which contributed 64 points followed by BAHL with 44 points, ENGRO with 34 points, MARI with 30 points and HUBC with 23 points.

Sector-wise, the index was let down by Food & Personal Care Products with 7 points, Automobile Assembler with 4 points, Close – End Mutual Fund with 4 points, Real Estate Investment Trust with 2 points and Paper & Board with 1 point.

The most points taken off the index were by MUREB which stripped the index of 7 points followed by NBP with 6 points, DGKC with 5 points, INDU with 4 points and COLG with 4 points.

All Share Volume decreased by 16.63 Million to 275.43 Million Shares. Market Cap increased by Rs.59.69 Billion.

Total companies traded were 379 compared to 381 from the previous session. Of the scrips traded 230 closed up, 130 closed down while 19 remained unchanged.

Total trades decreased by 4,088 to 90,784.

Value Traded increased by 0.77 Billion to Rs.10.76 Billion

CompanyVolume

Top Ten by Volume

Unity Foods16,463,500
Worldcall Telecom12,861,000
TRG Pakistan11,075,000
The Bank of Punjab10,236,000
International Steels9,751,000
Pak Elektron9,393,000
Fauji Foods8,498,000
Pakistan International Airlines Corp7,947,000
Lotte Chemical Pakistan6,702,000
Siddiqsons Tin Plate6,532,500

 

SectorVolume

Top Sector by Volume

Cement32,105,000
Technology & Communication31,959,500
Engineering25,643,800
Commercial Banks24,807,600
Chemical20,427,991
Power Generation & Distribution16,595,000
Vanaspati & Allied Industries16,464,700
Fertilizer11,901,000
Food & Personal Care Products11,312,650
Transport11,250,100

 

 

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Posted on: 2019-11-13T17:14:00+05:00

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