Closing Bell: Index remains green on positive sentiments

December 5, 2019 (MNL): The domestic equity market on Thursday opened on a positive note. The index recorded a positive close of 370 points or 0.92% increase from the previous day’s closing to arrive at 40,641 level.

The index continued its upward momentum as Moody’s changed Pakistan banking outlook from negative to stable, affirming the B3 long term local currency deposit ratings which caused the price gains in banking sector stocks in general.

Moreover, investors’ sentiments increased due to a marginal drop in cut-off yields in T-Bills and an increase in SBP’s foreign reserves by $430 million.

The Index remained positive throughout the session touching an intraday high of 40,813.53

Of the 94 traded companies in the KSE100 Index, 59 closed up 33 closed down, while 2 remained unchanged. Total volume traded for the index was 327.24 million shares.

Sectors propping up the index were Commercial Banks with 105 points, Oil & Gas Exploration Companies with 80 points, Oil & Gas Marketing Companies with 55 points, Cement with 54 points and Fertilizer with 29 points.

The most points added to the index was by PPL which contributed 53 points followed by HBL with 42 points, PSO with 28 points, POL with 26 points and NBP with 24 points.

Sector-wise, the index was let down by Pharmaceuticals with 9 points, Inv. Banks / Inv. Cos. / Securities Cos. with 7 points, Glass & Ceramics with 2 points, Automobile Parts & Accessories with 1 point and Transport with 1 point.

The most points taken off the index was by GLAXO which stripped the index of 9 points followed by MARI with 9 points, DAWH with 8 points, MTL with 7 points and KAPCO with 5 points.

All Share Volume increased by 114.75 Million to 507.90 Million Shares. Market Cap increased by Rs.90.60 Billion.

Total companies traded were 404 compared to 401 from the previous session. Of the scrips traded 226 closed up, 159 closed down while 19 remained unchanged.

Total trades increased by 20,612 to 133,804.

Value Traded increased by 5.32 Billion to Rs.20.13 Billion


Top Ten by Volume

Unity Foods35,241,000
Fauji Cement Company34,081,000
Maple Leaf Cement Factory20,519,500
TRG Pakistan15,100,000
Fauji Foods14,563,000
Pak Elektron12,949,000
BankIslami Pakistan12,947,500
Power Cement12,818,000
Amreli Steels11,172,000



Top Sector by Volume

Commercial Banks51,498,100
Power Generation & Distribution36,680,500
Vanaspati & Allied Industries35,255,000
Technology & Communication29,896,000
Inv. Banks / Inv. Cos. / Securities Cos.27,070,600
Oil & Gas Marketing Companies25,275,400
Food & Personal Care Products20,561,320



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Posted on: 2019-12-05T18:01:00+05:00