Closing Bell: Index gets back on feet after a bout of Coronavirus

March 02, 2020 (MLN): Today, the domestic stocks swiftly came back on track as bulls re-emerged to take control of the market after a week long losses.  

The benchmark KSE-100 index gained around 1,312 points or up remarkably by 3.46% from Friday’s close and settled at 39,296 points level.

The positive sentiments among investors were stemmed from lower than expected inflation numbers (12.4%) which fuelled expectations for an early cut in the policy rate. However, foreign selling continued on Global economic slowdown fears.

The Index remained positive throughout the session touching an intraday high of 39,362.29

Of the 96 traded companies in the KSE100 Index 89 closed up 7 closed down, while 0 remained unchanged. Total volume traded for the index was 157.90 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 228 points, Fertilizer with 211 points, Commercial Banks with 173 points, Cement with 159 points and Power Generation & Distribution with 94 points.

The most points added to the index was by ENGRO which contributed 138 points followed by OGDC with 97 points, PPL with 86 points, HUBC with 73 points and LUCK with 73 points.

Sector wise, the index was let down by Miscellaneous with 2 points.

The most points taken off the index was by NBP which stripped the index of 30 points followed by BOP with 11 points, HMB with 3 points and SHFA with 2 points.

All Share Volume increased by 13.07 Million to 215.25 Million Shares. Market Cap increased by Rs.207.79 Billion.

Total companies traded were 371 compared to 358 from the previous session. Of the scrips traded 306 closed up, 48 closed down while 17 remained unchanged.

Total trades increased by 1,532 to 80,588.

Value Traded increased by 0.46 Billion to Rs.9.07 Billion

CompanyVolume

Top Ten by Volume

Maple Leaf Cement Factory18,111,500
Hascol Petroleum15,666,000
The Bank of Punjab13,513,000
Unity Foods11,865,500
Worldcall Telecom8,506,500
Fauji Foods8,282,500
TRG Pakistan7,976,500
D.G. Khan Cement Company7,529,500
Oil & Gas Development Company6,447,500
Fauji Cement Company6,373,500

 

SectorVolume

Top Sector by Volume

Cement48,498,400
Commercial Banks27,041,300
Oil & Gas Marketing Companies21,184,400
Technology & Communication20,346,400
Vanaspati & Allied Industries11,868,200
Food & Personal Care Products10,791,050
Chemical10,138,110
Power Generation & Distribution9,568,000
Oil & Gas Exploration Companies9,174,100
Engineering7,553,400

 

 

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Posted on: 2020-03-02T17:24:00+05:00

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