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

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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

Company Volume

Top Ten by Volume

The Bank of Punjab 37,601,000
K-Electric 28,386,500
Fauji Cement Company 18,761,500
Fauji Foods 15,040,500
Hum Network 11,775,500
Pak Elektron 11,774,500
Dost Steels 11,759,500
Unity Foods 11,672,000
Lotte Chemical Pakistan 10,015,500
TRG Pakistan 9,510,000


Sector Volume

Top Sector by Volume

Commercial Banks 80,356,600
Cement 52,010,600
Power Generation & Distribution 45,909,500
Engineering 41,577,700
Technology & Communication 38,711,000
Chemical 22,503,540
Food & Personal Care Products 21,024,410
Oil & Gas Marketing Companies 19,948,900
Inv. Banks / Inv. Cos. / Securities Cos. 15,900,200
Fertilizer 12,966,100



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