Closing Bell: Indifference

May 11, 2020 (MLN): The KSE-100 Index witnessed mix trend as it swung between positive and negative poles throughout the session due to lack of triggers. The index ended by gaining just 16 points to 33,283-level i.e. only 0.05% higher than previous closing.

According to the closing note by Ismail Iqbal Securities, the index remained flat on the back of govt negotiations with IMF on FY21 budget and MSCI semi-annual review tomorrow, where Pakistan might be put on a monitoring list for potential downgrade to Frontier markets.

The Index traded in a range of 199.25 points or 0.60 percent of previous close, showing an intraday high of 33,325.54 and a low of 33,126.29.

Of the 91 traded companies in the KSE100 Index 44 closed up 46 closed down, while 1 remained unchanged. Total volume traded for the index was 87.69 million shares.

Sectors propping up the index were Pharmaceuticals with 48 points, Technology & Communication with 25 points, Oil & Gas Marketing Companies with 12 points, Insurance with 8 points and Textile Composite with 7 points.

The most points added to the index was by SNGP which contributed 24 points followed by SEARL with 24 points, TRG with 13 points, GLAXO with 13 points and SYS with 9 points.

Sector wise, the index was let down by Power Generation & Distribution with 28 points, Oil & Gas Exploration Companies with 25 points, Cement with 14 points, Chemical with 12 points and Commercial Banks with 5 points.

The most points taken off the index was by HUBC which stripped the index of 31 points followed by PPL with 16 points, POL with 9 points, OGDC with 9 points and PSO with 8 points.

All Share Volume increased by 110.23 Million to 198.25 Million Shares. Market Cap decreased by Rs.4.86 Billion.

Total companies traded were 328 compared to 330 from the previous session. Of the scrips traded 171 closed up, 128 closed down while 29 remained unchanged.

Total trades increased by 13,879 to 59,178.

Value Traded increased by 0.56 Billion to Rs.4.38 Billion

CompanyVolume

Top Ten by Volume

Worldcall Telecom62,427,000
TRG Pakistan15,802,000
Unity Foods15,150,500
Hascol Petroleum10,242,500
Hum Network7,887,000
Maple Leaf Cement Factory6,038,000
Descon Oxychem4,280,000
K-Electric4,066,500
Pak Elektron4,051,500
Sui Northern Gas Pipelines2,910,500

 

SectorVolume

Top Sector by Volume

Technology & Communication94,278,800
Oil & Gas Marketing Companies16,474,101
Vanaspati & Allied Industries15,158,500
Cement11,739,908
Chemical10,204,762
Power Generation & Distribution5,870,938
Inv. Banks / Inv. Cos. / Securities Cos.5,329,000
Pharmaceuticals4,519,600
Commercial Banks4,489,623
Cable & Electrical Goods4,316,200

 

 

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Posted on: 2020-05-11T15:24:00+05:00

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