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
| Company | Volume |
|---|---|
| Unity Foods | 35,241,000 |
| Fauji Cement Company | 34,081,000 |
| Maple Leaf Cement Factory | 20,519,500 |
| K-Electric | 20,047,000 |
| TRG Pakistan | 15,100,000 |
| Fauji Foods | 14,563,000 |
| Pak Elektron | 12,949,000 |
| BankIslami Pakistan | 12,947,500 |
| Power Cement | 12,818,000 |
| Amreli Steels | 11,172,000 |
| Sector | Volume |
|---|---|
| Cement | 99,583,900 |
| Commercial Banks | 51,498,100 |
| Power Generation & Distribution | 36,680,500 |
| Engineering | 36,411,800 |
| Vanaspati & Allied Industries | 35,255,000 |
| Technology & Communication | 29,896,000 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 27,070,600 |
| Oil & Gas Marketing Companies | 25,275,400 |
| Chemical | 24,465,170 |
| Food & Personal Care Products | 20,561,320 |
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