Closing Bell: IMF approval for Sukuk II brings the POWER back

November 18, 2019 (MLN): The benchmark KSE-100 Index started the week first day on a positive note. The index delivered a remarkable performance by gaining 827 points or an increase of 2.20% from the previous day’s closing to arrive at 38,411 level.

The IMF approval for the energy Islamic bond, Sukuk II, drove the power sector up. The upcoming Monetary Policy fueled the sentiments among investors.

The Index remained positive throughout the session touching an intraday high of 38,452.69.

Of the 97 traded companies in the KSE100 Index, 83 closed up 13 closed down, while 1 remained unchanged. The total volume traded for the index was 268.79 million shares.

Sectors propping up the index were Commercial Banks with 164 points, Fertilizer with 131 points, Power Generation & Distribution with 114 points, Oil & Gas Exploration Companies with 87 points and Cement with 77 points.

The most points added to the index were by ENGRO which contributed 100 points followed by HUBC with 89 points, UBL with 62 points, LUCK with 51 points and PSO with 41 points.

Sector wise, the index was let down by Inv. Banks / Inv. Cos. / Securities Cos. with 2 points, Food & Personal Care Products with 2 points and Paper & Board with 1 points.

The most points taken off the index was by NESTLE which stripped the index of 15 points followed by EFERT with 8 points, DAWH with 6 points, HBL with 6 points and SNGP with 2 points.

All Share Volume increased by 97.04 Million to 466.08 Million Shares. Market Cap increased by Rs.145.17 Billion.

Total companies traded were 412 compared to 400 from the previous session. Of the scrips traded 295 closed up, 98 closed down while 19 remained unchanged.

Total trades increased by 22,980 to 120,527.

Value Traded increased by 5.92 Billion to Rs.15.51 Billion

CompanyVolume

Top Ten by Volume

The Bank of Punjab37,601,000
K-Electric28,386,500
Fauji Cement Company18,761,500
Fauji Foods15,040,500
Hum Network11,775,500
Pak Elektron11,774,500
Dost Steels11,759,500
Unity Foods11,672,000
Lotte Chemical Pakistan10,015,500
TRG Pakistan9,510,000

 

SectorVolume

Top Sector by Volume

Commercial Banks80,356,600
Cement52,010,600
Power Generation & Distribution45,909,500
Engineering41,577,700
Technology & Communication38,711,000
Chemical22,503,540
Food & Personal Care Products21,024,410
Oil & Gas Marketing Companies19,948,900
Inv. Banks / Inv. Cos. / Securities Cos.15,900,200
Fertilizer12,966,100

 

 

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Posted on: 2019-11-18T17:16:00+05:00

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